Twenty of China's leading hog producers posted a combined loss of 23.3 billion yuan (close to $3.5 billion at the current exchange rate) in the first half of 2026, according to a Chinese journalist's compilation of financial results released by the publicly listed companies. (The results did not include privately held Twins Group--last year's number 3 producer.) Partial list of company results. These companies had posted substantial profits last year. The article attributed the poor 2026 results to the most severe downturn in the hog industry in the last 10 years which led to a 20.5% year-over-year drop in live pig prices during H1 2026. The hog-grain price ratio was below 5:1 throughout most of January-June, causing deep, widespread financial losses. Muyuan Foods was the top hog producer, with sales of 39.6 million pigs. Muyuan recorded a net loss of 6.078 billion yuan on revenue of 59.41 billion yuan, but its cash balance of 16.5 billion yuan enabled the company to oper...
Retired USDA economist Fred Gale peers through the "dim sums" of puzzling data to provide insight about China's agricultural markets in bite-size pieces like Chinese "dim sum" snacks. See the Archive and Labels for posts on various topics going back to 2008.