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Muyuan and other listed hog producers reported large losses in the first three quarters of 2026, with 23 listed companies posting combined net losses of 25.74 billion yuan. Hedging with futures offset part of the price risk, but futures gains did not cover losses in core hog operations.
The article notes that Muyuan's hedging capacity is hard to measure from disclosed margin figures.
Heavy hog-producer losses signal reduced herd rebuilding and lower future feed demand, which is bearish for feed ingredients. Limited hedge coverage shows futures gains cannot fully offset the sector's cash losses.
tmtpost.com万联万象 2026.11.04Nov 4, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
