TREE NEWS update: New Hope announced it sold 1.2869 million commercial pigs in October 2026, up 12.92% month-on-month but down 4.87% year-on-year, generating 1.481 billion yuan in revenue, up 7.16% month-on-month and down 18.02% year-on-year. The average selling price was 9.54 yuan per kilogram, down 7.74% month-on-month and 15.43% year-on-year. Cumulative sales for January-October reached 11.9647 million commercial pigs with revenue of 14.456 billion yuan.
New Hope sells 1.29M commercial pigs in October, revenue 1.48B yuan
AI take
The mix here is the story: volumes recovered month-on-month while average selling price kept sliding, so the sequential revenue gain looks driven by more pigs sold rather than better pricing. The year-on-year picture is the weaker one, with both volume and price lower, pointing to a softer hog market than a year ago. For anyone tracking the sector, the open question is whether the price decline keeps outpacing volume growth, which would erode the value of each incremental pig sold.
Generated by AI for reference only.
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