On May 27, Muyuan Foods fell 3.2% in regular trading, trading at 34.52 HKD/share, with trading volume of approximately 48.5 million HKD. The stock once again approached its record low since listing.

On the news front, the hog farming industry continues to face severe challenges. The national average live pig selling price remains around 9.65-9.80 yuan/kg, significantly below the company's full production cost of approximately 12 yuan/kg, placing the entire industry in a deep loss zone. Nineteen listed pig farming companies collectively reported losses of approximately 7.686 billion yuan in Q1. Muyuan Foods posted a Q1 net loss of 1.215 billion yuan, with revenue declining 17.1% year-over-year to 29.894 billion yuan.

Although the Ministry of Agriculture recently lowered the target for normal breeding sow retention to 37.5 million heads, signaling capacity reduction, short-term pig prices remain in a bottom-consolidation pattern. Market participants remain divided on the timing of a cyclical reversal, keeping the stock under sustained pressure.

(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.)