Chen Xingyao, vice president and chief financial officer of New Hope Liuhe, said at a recent analyst meeting that the company's pig industry will maintain a moderately stable scale at the current stage, and when the capacity is getting stronger and stronger, and some production capacity is completed after the transformation and upgrading, the company will gradually improve the utilization rate of idle capacity, which will give priority to increasing the proportion of self-fattening at the fattening end this year.
According to reports, the company's annual live pig sales in 2023 will be 17.68 million (of which piglets account for about 10%), a year-on-year increase of about 10%.。Its slaughter volume in the fourth quarter of that year (4.62 million heads) was basically the same as that of the same period last year, indicating that it has begun to stop blindly pursuing scale growth.
Chen Xingyao (data map).
The core idea of the pig industry is to improve quality, control costs, stabilize scale, and adjust the structure ......In short, the main goal is to minimize the cost, reduce the loss by the greatest margin, or make a greater profit. Chen Xingyao said that New Hope will also do certain transformation and upgrading of existing pig farms to adapt to the external situation of relatively frequent epidemics, as well as the use of the Internet, digitalization and other ways to further improve the company's breeding level.
The company revealed in early December last year that 70% of its current fattening pigs are free-range and 30% are self-raised. The total stock size of the company's self-fattening farms in operation plus renovation or construction was about 4.6 million heads, which was only available at that timeabout the utilization rate.
In terms of cost, on the whole, the average cost of stocking is lower than the cost of self-fattening, but at present, the cost of self-fattening in the south column has been more advantageous.
In 2023, the cost of fat pigs slaughtered by New Hope's operating farm line will increase from 174 yuan kg dropped to nearly 15 in the fourth quarter8 yuan kg, the average cost of the whole year is16.7 yuan kg
Chen Xingyao said that the optimization of some core production indicators has supported the decline in the cost of fat pigs. Such as the parental generation, PSY in the fourth quarter of last year25 headsaround, an increase of 3 heads from the beginning of the year; Weaning costs fell from more than 440 yuan in the first quarter to less than in the fourth quarter340 yuan。In the fattening sector, the fattening survival rate increased from 86% in the first quarter to the fourth quarter;The feed-to-meat ratio was less than in the fourth quarter, down 02。
New Hope's 2024 average fattening cost target is:15.5 yuan kgAt the same time, it is hoped that each field line will fully enter the fattening cost of less than 15 yuan kg by the end of this year.
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