Changes in Hong Kong stocks | Muyuan shares (02714) rose more than 4% in early trading, and the full cost of pig breeding fell to about 11.4 yuan/kg in October

The Zhitong Finance App learned that Muyuan shares (02714) rose more than 4% in early trading. As of press release, it rose 3.52% to HK$40, with a turnover of HK$56.8823 million.

According to the news, Muyuan Co., Ltd. recently responded to questions from investors, saying that the total cost of pig farming in October 2026 was around 11.4 yuan/kg. According to reports, the total cost of pig farming in Muyuan Co., Ltd. has shown a steady decline in the past six months. From the high level of about 12 yuan/kg at the beginning of the year, after continuous optimization in the second and third quarters, it had dropped to about 11.4 yuan/kg in October, with a cumulative reduction of 0.6 yuan/kg.

Huatai Securities believes that the recent second decline in pig prices has exceeded market and industry expectations. The main reason is that the industry's supply and inventory pressure is still high and consumer demand is weak. The poor peak season for the pig breeding industry was basically established in the fourth quarter. Looking ahead to the future market, as pig prices and piglet prices hit their previous lows again, the industry's cash flow losses will increase, or the reduction of sow production capacity will exceed expectations, opening up room for long-term pig price flexibility and sustainability.