Muyuan Foods Co., Ltd. (02714) saw its shares increase by more than 3%. As of the latest update, the stock was up 3.56% to HKD 41.88, with a turnover of HKD 40.76 million. On the news front, hog prices have recently entered a rare upward trend. According to monitoring data from Zhuhaoduo, the national average price for lean hogs on April 20 was RMB 9.37 per kilogram, up RMB 0.18 from the previous day. Across the country, hog prices in 31 provinces continued to rise, with regions such as Beijing, Tianjin, Hebei, Shandong, Zhejiang, and Shanghai seeing prices return to above RMB 10 per kilogram. Notably, the Ministry of Agriculture and Rural Affairs recently held a symposium on hog industry development, emphasizing the need to further improve comprehensive hog production capacity regulation policies and take effective measures to promote a reasonable rebound in hog prices. Guotai Haitong Securities previously noted that the company's hog sales volume remains stable, its breeding costs continue to lead the industry, and its slaughtering business has started to contribute to profits. The market is now awaiting a sustained recovery in hog prices.
Comments