According to Zhitong Finance APP, MUYUAN (02714) fell more than 3%, down 3% as of press time to HK$35.56, with a turnover of HK$18.3239 million.

On the news front, MUYUAN recently announced that in September this year, the company sold approximately 6.42 million commercial hogs, up 15.24% year-on-year; the average selling price of commercial hogs was approximately RMB 10.36 per kilogram, down 19.57% year-on-year; and commercial hog sales revenue was approximately RMB 8.52 billion, down 6.01% year-on-year.

It is worth noting that monitoring by Zhuochuang Information shows that the completion rate of hog slaughter plans in September was only 98.74%, with some hog sources shifted to October for slaughter, resulting in a 2.45% month-on-month increase in the October slaughter plans of sample enterprises; monitoring data from Mysteel also shows that the actual slaughter completion rate for hogs in September was 99.01%, with October hog slaughter plans increasing 1.91% month-on-month. Coupled with the National Day holiday disrupting the slaughter rhythm, slaughter pressure in October remains relatively high.