Chinese listed companies sold 7.31 million live pigs in February, down 31% month-on-month and up 42% year-on-year

In February 2022, 16 listed companies including Muyuan, Wen's and New Hope Liuhe sold 7.31 million live pigs, a month-on-month decrease of 3.2 million, or a drop of 31%; a year-on-year increase of 2.15 million, an increase of 42%. According to the monitoring data of the Ministry of Agriculture and Rural Affairs, the number of live pigs sold nationwide in February increased by about 8% year-on-year.

In the first two months, 16 listed companies sold a total of 17.81 million live pigs, a year-on-year increase of 5.47 million, an increase of 44%. Among the leading companies in sales, Muyuan, Wen's, COFCO Jiajiakang, Dabeinong, Aonong and other companies have increased their sales of live pigs by more than 50% in the first two months; Tangrenshen, Tiankang, Tianbang and other three companies have greatly increased their sales according to market conditions. The reduction in piglet sales led to a year-on-year drop of more than 10% in the sales of live pigs (including piglets and commercial pigs) in the first two months.

The China Meat Association researched and learned that the scale rate and industry concentration of China's pig farming are increasing.

(1) The scale rate of pig breeding in China is further improved

The scale rate of live pig breeding refers to the ratio of the number of live pigs sold by breeding enterprises with more than 500 slaughtered to the national slaughter volume in that year. The scale rate of pig farming is expected to reach 60% in 2021, an increase of about 3 percentage points from 2020.

(2) The concentration of the pig breeding industry has increased

In 2021, the slaughter volume of the top 20 enterprises will account for nearly 20% of the national slaughter volume of live pigs. According to the survey, most of the leading pig breeding enterprises will sell more live pigs in 2022 than in 2021. Among them, enterprises such as Wen's, New Hope Liuhe, and COFCO Jiajiakang are expected to increase their slaughter volume by more than 30% year-on-year in 2022. It is expected that in 2022, the growth rate of the top 20 hog breeding companies will be higher than the growth rate of the national hog slaughter, and the industry concentration will further increase. Transferred from China Meat Association