China's national average pig price has fallen to 10.3 yuan/kg, with some regions below 10 yuan, while 7kg piglet prices hit a yearly low of 130 yuan/head. The broker (Changjiang Agriculture Team) strongly reiterates a bullish call on the hog farming sector, citing accelerating capacity reduction in Q4.
The broker sees the current pig price crash as the optimal entry point for hog farming stocks, expecting Q4 capacity reduction to spark the next upcycle.
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