COFCO JOYCOME (01610) saw its shares rise more than 4% during the morning trading session. At the time of writing, the stock was up 4.48%, trading at HK$1.4, with a turnover of HK$34.2907 million. The company recently announced that it sold 550,000 commercial hogs in March, bringing the cumulative sales for the year to 1.52 million head. In March, the average selling price for commercial hogs was 9.57 yuan per kilogram. Sales of fresh pork reached 29,300 tonnes, with branded products accounting for 33.82% of the fresh pork business revenue. Changjiang Securities noted that hog prices have hit a decade-low, and the entire industry has been in a loss-making position for over six months. Since March, the price of piglets has entered a downward trend, which is expected to accelerate the culling of breeding sows by industry participants, potentially marking the start of a market-driven capacity clearance. This cycle may lead to a sustained optimization of the industry's competitive landscape, with companies possessing cost advantages and strong cash flow likely to enjoy extended profitable periods. The securities firm also highlighted that the Type I foot-and-mouth disease outbreak in South Africa could serve as a new catalyst.