On July 7, Muyuan Foods (02714.HK) fell 3.35% in regular trading, trading at HK$31.82/share, with turnover of HK$66.48 million. The decline followed the company's post-market sales report released on July 6, which revealed a sharp deterioration in June operating metrics.

According to the filing, Muyuan Foods sold approximately 6.23 million finished hogs in June, down 11.28% year-on-year. The average selling price was 9.69 yuan per kilogram, representing a 31.18% year-on-year decline. Total finished hog sales revenue came in at approximately 7.5 billion yuan, down 41.40% from the prior year. The company attributed the steep declines in selling price and revenue to fluctuations in hog market conditions.

Notably, the June average selling price of 9.69 yuan/kg remains significantly below the company's Q1 full breeding cost of approximately 11.6 yuan/kg, indicating continued deep losses. The market has now formed clear expectations that Q2 earnings will remain under substantial pressure. While recent spot hog prices have rebounded above 10 yuan/kg in early July, the June data underscores the severity of the prolonged industry downcycle.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)