Muyuan Foods' stock plummeted 5.01% intraday on Friday, extending recent losses for the pork producer.

The sharp decline follows the company's release of its April sales report, which revealed a significant 35.54% year-over-year drop in average commercial hog selling prices to RMB 9.45/kg. Sales revenue for the month also fell 32.49% to RMB 8.503 billion. The current pig price remains well below the company's reported full breeding cost of RMB 11.6/kg, indicating continued operational pressure. This follows an estimated per-head loss of approximately RMB 65 in the first quarter.

Institutional analysis suggests the industry continues to face near-term challenges from weak seasonal consumption and ongoing supply releases, which may delay a rapid price recovery. However, medium-term prospects could improve with continued industry capacity reduction and a gradual rebalancing of supply-demand dynamics.