With the rebound of the hog market in the second quarter, most listed hog enterprises have made a significant recovery, with their performance turning losses into gains. As of July 10th, many hog enterprises, such as Muyuan Foods, New Hope Liuhe, Shineway, ST Special Treat, Giantstar Farming&Husbandry Corporation, Hunan New Wellful and others have released their 2024 half-year performance forecast, and their hog farming businesses have reduced losses significantly year-on-year and realized profits in the second quarter. Among them, the industry leader Muyuan Foods is expected to have a second-quarter profit of over CNY 3 billion, while New Hope Liuhe is expected to have a profit of approximately CNY 0.75 billion. Many listed hog enterprises maintain a cautious and optimistic attitude towards the future market, and say they will focus on cost control and efficiency improvement. Industry insiders predict that the hog industry may be in a weak balance of supply and demand and a low-profit state in the near future. (Securities Times)
猪价上涨+成本下降，多家猪企二季度大幅“回血”
Due to the increase in pork prices and decrease in costs, many pig enterprises have achieved significant recovery in the second quarter.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.