HK Stock Market Move | Pork concept stocks fell further in the afternoon, with institutions pointing out that the pig industry is showing new cyclical features and the difficulty of profit recovery is increasing.

Pork concept stocks fell further in the afternoon, as of press time, WH GROUP (00288) fell by 4.17% to 8.51 Hong Kong dollars; COFCO JOYCOME (01610) fell by 2.86% to 1.02 Hong Kong dollars; Muyuan Foods Group (02714) fell by 2.73% to 29.96 Hong Kong dollars. On the news front, several A-share listed pig breeding companies have announced their May production and sales briefings. Data shows that the average selling price of pigs is generally below 10 yuan/kg, and the industry is still in a state of fluctuation at the bottom of the cycle. According to Sublime China Information, as of June 15th, the average price for the month was 9.50 yuan/kg. Although the Dragon Boat Festival holiday supported the rise in pork prices, the demand side is currently in a traditional off-season for consumption, making it difficult for pork prices to rise. Guosheng had previously released a research report stating that the national price of imported three-yuan pigs fell to a low of 8.82 yuan/kg in April this year, with the largest losses for single-head breeding reaching 576.82 yuan/head, a record low in nearly ten years. The proportion of loss period in this cycle has reached 49%. Pig futures also hit a near five-year low, falling to 9055 yuan/ton, showing a new cycle characteristic of "low center, weak elasticity, long-term stagnation," making it more difficult to restore profits.