Muyuan Foods Sept 2026 Hog Sales Up 15.24% to 6.42M Head

Volume growth is doing little to offset price weakness: September's double-digit gain in head sold came alongside a roughly one-fifth drop in average selling price, leaving revenue lower year on year. That spread is the core tension in the hog cycle, where herd expansion lifts throughput but compresses the per-unit economics. The breeding sow figure is the number worth tracking, since it signals how the supply pipeline is being managed into the next cycle. Whether sales volume keeps outpacing price declines is the open question.