Muyuan Foods Oct. hog sales fall 16.43% to 5.913M head; revenue down 29.79%

The revenue decline outpaces the volume drop, meaning Muyuan is absorbing both weaker prices and lower throughput at once — a combination that pressures margins more than either factor alone. The bright spot is downstream: subsidiary Muyuan Meat Food's October slaughter volume shows the processing arm running at meaningful scale, which matters for anyone tracking whether vertical integration can offset cyclical swings in live hog prices. Whether that slaughter volume holds up as commercial hog sales soften is the open question.