HK Stock Market Move | Muyuan Foods Group (02714) fell more than 3%. September commercial hog sales revenue dropped 6.01%. Market supply pressure continues to persist.

Muyuan Foods Group (02714) fell more than 3%, down 3% as of press time, at HK$35.56, with a turnover of HK$18.3239 million. On the news front, Muyuan Foods Group recently announced that in September this year, the company sold approximately 6.42 million commercial hogs, up 15.24% year-on-year; the average selling price of commercial hogs was approximately RMB 10.36 per kilogram, down 19.57% year-on-year; commercial hog sales revenue was approximately RMB 8.52 billion, down 6.01% year-on-year. It is worth noting that monitoring by Sublime China Information shows that the completion rate of the September hog slaughter plan was only 98.74%, with some hog sources shifted to October for slaughter, causing the October slaughter plan of sample enterprises to increase by 2.45% month-on-month; monitoring data from Mysteel also shows that the actual completion rate of hog slaughter in September was 99.01%, and the October hog slaughter plan increased by 1.91% month-on-month. Coupled with the National Day holiday disrupting the slaughter rhythm, slaughter pressure in October remains relatively high.