On July 8, Muyuan Foods (02714.HK) declined 3.28% in regular trading, trading at HK$31.18/share, with turnover of approximately HK$52.03 million.

On the news front, the company recently disclosed its June sales report showing significant deterioration across key metrics: commercial hog sales volume was approximately 6.227 million heads, down 11.28% year-on-year; average selling price was 9.69 yuan/kg, down 31.18% year-on-year; and sales revenue was approximately 7.5 billion yuan, representing a steep 41.40% year-on-year decline. Cumulative first-half commercial hog sales revenue totaled approximately 50.145 billion yuan, down over 29% year-on-year.

The current hog price of 9.69 yuan/kg remains well below the company's Q1 full breeding cost of approximately 11.6 yuan/kg, indicating the industry continues to operate in a deep loss environment. The market has formed clear expectations that Q2 earnings will remain under significant pressure, driving continued share price adjustment.

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