Muyuan Foods (HKG:2714, SHE:002714) sold a little over 6.2 million finished hogs in May, down 11% year on year, according to a Hong Kong bourse filing Monday.
The company generated 7.5 billion yuan in sales from finished hogs in the month, down 41% from a year prior.
The average selling price of finished hogs was around 9.69 yuan per kilogram, representing a year-on-year decrease of 31%.
The lower selling price and sales revenue of finished hogs were mainly due to fluctuations in hog market conditions.
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