Pork-related stocks in Hong Kong experienced a collective decline. At the time of writing, WH GROUP (00288) shares fell 5.91% to HK$7.8. MUYUAN (02714) shares dropped 3.66% to HK$31.1. COFCO JOYCOME (01610) shares decreased 1.9% to HK$1.03.

According to monitoring data from July 7, the national average price for lean hogs has reached 11.16 yuan per kilogram, solidifying its position above the 11 yuan mark. This marks the tenth consecutive day of price increases, with a cumulative surge of 19.2% since the low of 9.36 yuan/kg on June 26.

Industry sources indicate that the core driver for this ten-day rally remains on the supply side. However, it is noteworthy that the chairman of the pig industry branch of the Sichuan Animal Husbandry Association believes this round of price increases will not last long and does not signal a turning point in the hog cycle. "At this stage, the overall hog production capacity is still in surplus," stated Li Xiaoyong. He added that the industry as a whole is still operating at a loss, with the average farming cost around 12 yuan per kilogram. Even with the current hog price reaching 11 yuan/kg, farmers are still in a loss-making position.