On July 10, Muyuan Foods rose 3.51% in regular trading, trading at HK$32.4/share, with turnover of HK$45.50 million.

On the news front, national lean hog slaughter prices reached 11.16 yuan/kg, marking ten consecutive days of increases. Since the June 26 low of 9.36 yuan/kg, hog prices have rebounded a cumulative 19.2%, breaking back above the 11 yuan threshold for the first time in four months. Institutions noted that based on the 10-month hog growth cycle, national slaughter volumes are expected to enter a phase of substantial decline after July, with Q3 hog prices likely approaching an upward inflection point.

Current prices of 11 yuan/kg remain below the industry average breeding cost of approximately 12 yuan/kg, meaning most producers are still operating at a loss. However, forward expectations of supply contraction have bolstered sector sentiment. The company previously disclosed June sales showing average selling prices of 9.69 yuan/kg, well below its Q1 full cost of approximately 11.6 yuan/kg, though the rapid price recovery has narrowed the gap significantly.

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