Stock Track | COFCO JOYCOME Plummets 5.71% Intraday as Hog Prices Hit 15-Year Low and Feed Costs Rise
Stock Track
Mar 26
COFCO JOYCOME's stock plummeted 5.71% during intraday trading on Thursday, reflecting broad declines in pork-related stocks.
The drop comes as national hog prices have fallen below 10 yuan per kilogram, hitting their lowest level in nearly 15 years since May 2018, according to recent data. Meanwhile, feed costs have been rising steadily, with soybean meal futures up 11% year-to-date and corn prices rising 8% over the past six months.
Industry analysts note weak pork demand due to the traditional off-season, while large-scale farms face pressure to sell inventory. With losses deepening across the sector—reaching hundreds of yuan per head—the industry is expected to accelerate efforts to reduce hog production capacity.
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