Muyuan, China’s largest publicly listed hog producer, announced that it sold 6.0 million hogs in December, an increase of 16.6% compared to November. This is also the second highest monthly sales on record, just behind 6.3 million hogs sold in April 2022.
Despite the large sales, net income fell 11.2% month on month due to the decline in hog prices. The average selling price in December was 18.61 yuan per KG, down 20.2% compared to December.
Average weights for slaughtered hogs fell slightly, down 4.5% month on month to 117 KG. However, this is still very elevated and much higher than the 96 KG weight Muyuan reported in May.