Zhuochuang Information: Slaughter volume gradually recovers. In November, pig slaughtering gross profit rebounded

[Introduction] The price of live pigs fluctuated and fell back in November. At the same time, demand continued to improve. Affected by this, the gross profit of pig slaughtering rebounded slightly in November. Demand may increase further in December, and slaughtering gross profit may continue to rise.
According to Zhuochuang Information monitoring, the gross profit of pig slaughtering rose from a low level in November, with a monthly average of 38.28 yuan/head, a month-on-month decrease of 2.93% and a year-on-year increase of 53.25%. On November 28, the gross profit of pig slaughtering was 43.97 yuan/head, a cumulative increase of 11.85 yuan/head from the end of October, an increase of 36.89%. Judging from the market situation, there are slight signs of improvement in the delivery of goods by slaughtering companies this month, which is the main reason for the increase in pig slaughtering gross profit.
In November, the daily slaughtering volume of live pigs from sample companies monitored by Zhuochuang Information showed a fluctuating increase. According to Zhuochuang Information statistics, the average daily pig slaughter volume in November increased by 1.27% compared with the average daily slaughter volume in October. The cumulative increase at the end of November was 6.97% compared with the end of October.In the first half of November, the growth rate of slaughtering demand was relatively limited, and it showed a temporary decline due to the poor delivery of white strips. In the second half of the month, as the temperature gradually decreased, the downstream delivery of white strips improved, and the slaughter volume of slaughtering companies began to gradually increase. The increase in the latter part is more obvious. The increase in slaughtering volume has pushed down the average cost per head, supporting the increase in slaughtering gross profit.
In addition, both pork prices and live pig prices showed a downward trend this month, but the decline in meat prices was less than the change in pig prices, and the widening of the gross and white price spread also supported the increase in slaughtering gross profit. According to Zhuochuang Information monitoring, the national white strip meat price at the end of November was 14.72 yuan/kg, a cumulative decrease of 7.23% from the end of October; the average transaction price of live pigs at the end of November was 11.11 yuan/kg, a cumulative decrease of 10.69% from the end of October. In addition, judging from the average monthly price, the average monthly price of white strip meat trading in November was 15.15 yuan/kg, a month-on-month increase of 0.40 yuan/kg, or 2.73%; the average monthly price of live pigs was 11.59 yuan/kg, a slight increase of 0.07 yuan/kg, an increase of 0.60%.
According to the historical rules of previous years and the stocking situation this year, the slaughtering volume of domestic slaughtering companies in December may reach the highest peak except for the Spring Festival stocking accident. This is the traditional peak season for curing meat. The operating rate during the peak period may increase by 10-15 percentage points compared with the beginning of the month.Affected by this, the average slaughtering cost of slaughtering companies may further decline, benefiting the gross slaughtering profit.
In addition, due to the increase in demand in the terminal market, the shipment of white pork has improved, and the price difference between it and the price of live pigs may further widen, increasing the margin for gross profit. Affected by this, Zhuochuang Information predicts that the gross profit of pig slaughtering in December may increase month-on-month, with the specific trend during the month to increase first and then decline slightly.