HK Stock Market Move | Muyuan Foods Group (02714) fell more than 3% as pork prices have dropped for 12 consecutive weeks. Institutions say it is difficult to see a reversal in trend.

Muyuan Foods Group (02714) fell more than 3%, dropping 3.3% to HKD 32.36 at the time of writing, with a turnover of HKD 325.706 million. On the news front, according to data monitoring from Pig Home, the national average price of foreign three-element hogs on July 24 was 10.75 yuan/kg, down 0.12 yuan/kg from the previous day, marking the 12th consecutive day of price decline. Looking at the national scale, the northern producing areas in Northeast and North China saw a particularly sharp decline. In terms of production capacity and inventory pressure, Caitong believes that the current pig farming industry is still in a stage of oversupply. In the second half of the year, pig prices may continue to fluctuate at the bottom, making it difficult to see a trend reversal. Against the backdrop of the industry's persistently low business sentiment, the capacity for sow breeding is expected to accelerate clearance. Earlier, the company issued a profit forecast for the first half of the year, estimating a net loss of RMB 5.7 billion to RMB 6.7 billion, turning from a profit to a loss year-on-year, primarily due to the decline in pig prices. From January to June, the company sold a total of 38.615 million pigs, an increase of 0.58% year-on-year, but due to pig prices being significantly lower than the same period in 2025, the average selling price of pigs in the first half of the year was approximately 10.4 yuan/kg, down by about 28% year-on-year.