HK Stock Market Move | Muyuan Foods Group (02714) falls over 3% as national live hog prices continue to decline; the pattern of strong supply and weak demand has not yet fundamentally changed.

Muyuan Foods Group (02714) continued to decline today, falling 3.45% as of press time to HK$34.1, with a turnover of HK$24.7039 million. On the news front, national live hog prices have continued to probe lower. On October 13, the national average price of foreign three-way crossbred live hogs was about 10.07-10.10 yuan/kg, falling below the 10 yuan mark again after a brief rebound before the holiday. In addition, according to disclosure by Muyuan Foods Group, in September this year, the company sold about 6.42 million commercial hogs, up 15.24% year-on-year; the average selling price of commercial hogs was about RMB 10.36/kg, down 19.57% year-on-year; and sales revenue of commercial hogs was about RMB 8.52 billion, down 6.01% year-on-year. Industrial noted that since 2026, the national average live hog price has continued to decline, intensifying cash flow pressure on the breeding side, and industry capacity reduction is expected to accelerate. However, the pattern of strong supply and weak demand has not fundamentally changed, and the overall rebound is expected to be limited.