Pig Farming Industry Emphasizes "Anti-Involution" – Sector Calls for Strict Capacity Control

Juxing Farming & Husbandry’s private placement fundraising projects include "New Pig Farming Capacity Projects," "Livestock Technology Research Base Construction Projects," and "Digital & Intelligent Construction Projects."

During the Shanghai Stock Exchange’s review, Juxing Farming was required to justify the necessity and rationality of the new capacity projects, considering factors such as industry cycles, competition landscape, hog price trends, supply-demand dynamics, existing and planned capacity of peer companies, capacity utilization rates, and the performance of previous fundraising projects.

Regarding the extension of the private placement authorization period, a National Business Daily reporter contacted a Juxing Farming representative. The representative stated that since the authorization is set to expire next month, the company decided to extend it for strategic and project-related reasons.

The reporter noted that compared to last year, the pig farming industry has undergone changes, with the sector now emphasizing "anti-involution."

According to the Ministry of Agriculture and Rural Affairs (MARA) website, on July 23, MARA held a symposium on promoting high-quality development in the pig farming industry, attended by representatives from companies such as Muyuan Foods, Wens Group, and Twins Group.

Minister Han Jun emphasized the need to strictly implement capacity control measures, including rationally culling breeding sows, moderately reducing sow inventories, minimizing secondary fattening, controlling slaughter weights, and strictly limiting new capacity expansion. He also encouraged large enterprises to establish cooperative mechanisms with small and medium-sized farms through contract farming and entrusted breeding models, ensuring that farmers benefit from industry growth.