Sluggish Live Pig Market: Three Suggestions for Small-Scale Farms

Judging from the current market, the overall downturn in the pig farming industry is an indisputable fact. According to the information I have, the farming cost for ordinary smallholder farmers is around 6 yuan per jin, and even for large-scale farming enterprises, the farming cost is around 5.5 yuan. In other words, compared with the current market price of 5 yuan per jin, both large-scale farming enterprises and smallholder farmers are operating at a loss.

For large-scale farming enterprises, with strong financial resources and relatively low costs, their advantages over smallholder farmers are very obvious. The current sluggish live pig market is what poses real difficulties for today's smallholder farmers. How to face the current sluggish market and escape the current predicament is the difficulty facing all current farming households. Below, Science Agriculture offers you a few suggestions.

Sell to Market in Time

In the current market environment, farming obviously means losses. With relatively loose supply in this year's live pig market, the possibility of pig prices rebounding in the short term and staging a dramatic reversal is almost nonexistent, and according to the cyclical patterns of pig farming, there is probably no hope of escaping the downturn this year. Under such circumstances, only by selling to market in time and going with the flow can losses be minimized as much as possible.

Mix Your Own Feed

As smallholder farmers, since you have no ability to influence the market, the only option is to find ways to cut farming costs. With soybean meal prices climbing continuously this year, feed prices have also risen wave after wave, dealing a double blow to farming households this year. Therefore, under the current circumstances, you can reduce cost input by mixing your own feed, increasing income and cutting expenditure.

Reduce Farming Scale

Under the current circumstances, you should also go with the flow. Being able to transform your business in line with the current market is also a good strategy, for example, investing your funds in cattle farming to achieve a farming transformation. But if you simply persist stubbornly, not only will you fail to escape the predicament, but your funds will also dry up, making it impossible to turn things around.

The above is a little perspective shared with you by Science Agriculture, and I hope it can offer you some inspiration.