# Feed industry: heavy losses across the board; first-three-quarter losses at Tongwei 6.8 billion, New Hope 2.6 billion, Tangrenshen 1.3 billion, Zhengbang 1.1 billion, Shennong 1 billion, DABEINONG 800 million yuan

> Seventeen listed feed companies reported Q3 2026 results. Haid Group earned 2.907 billion yuan, while New Hope, Tongwei, Tangrenshen, Zhengbang, Shennong and DABEINONG all posted large first-three-quarter losses.

- Date: 2026-11-05 · published 2026-11-05T06:13:12.852Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/81228-feed-industry-heavy-losses-across-the-board-first-three-quarter-losses-at
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Persistent losses at major feed makers reflect weak hog prices and pressure on integrated producers, which can reduce feed demand and slow capacity expansion. The effect on grain and meal prices is modest and indirect.

## Read by commodity

- SBM: neutral
- CORN: neutral

## Sources

- chinafeedm.com: http://www.chinafeedm.com/h-nd-32734.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.