Wens Foodstuff Swings to 4.96B Yuan Loss in First Three Quarters of 2026

The swing is concentrated in the core hog-farming segment, meaning Wens' diversification into poultry and feed is not enough to offset the cycle. The third-quarter loss being far smaller than the nine-month total suggests the damage was front-loaded earlier in the year, so the trajectory into the fourth quarter is the open question. What matters for the broader livestock and agricultural supply chain is whether depressed hog prices persist, since that pressure transmits to feed demand and to smaller producers with weaker balance sheets.