YOURAN DAIRY (09858) surged over 5% again, extending its weekly gain to more than 20%. At press time, the stock rose 5.13% to HK$4.3, with a turnover of HK$105 million.

Market observers note that Huafu Securities recently highlighted that calf prices reached RMB 32/kg on November 21, up 0.63% week-on-week and 32.73% year-to-date. Meanwhile, fattened bull prices stood at RMB 25.58/kg, dipping 0.16% weekly but rising 8.25% since the start of the year.

In the medium to long term, prolonged losses have led to significant capacity reduction, with the culling effect of breeding cows gradually impacting supply. Analysts anticipate tightening beef cattle supply, projecting an upward price cycle in 2026–2027.

For raw milk, as capacity adjustments translate into supply constraints, prices are expected to stabilize and recover. YOURAN DAIRY is among the key players to watch.

Guojin Securities suggests that raw milk prices may stabilize and rebound next year as supply-side adjustments take effect. Meanwhile, recent price increases for calves and live cattle signal a potential new beef cattle cycle, indicating steady sector growth.