# Muyuan Reports a 9.319 Billion Yuan Loss in the First Three Quarters as Smart Farming and Futures Hedging Fail to Offset Falling Hog Prices

> Muyuan reported a 9.319 billion yuan net loss for the first three quarters of 2026, as September hog prices remained below its reported production costs. The article says futures hedging helped cushion some losses but could not offset the decline in the company’s core livestock business; other listed hog producers also reported losses.

- Date: 2026-11-04 · published 2026-11-06T07:36:31.281Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/83606-muyuan-reports-a-9-319-billion-yuan-loss-in-the-first-three-quarters-as-smart
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Losses amid prices below production costs point to pressure on hog-sector profitability, though they do not by themselves establish a change in supply. Lower hog prices can also weaken demand for feed ingredients if producers reduce output.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Sources

- qifukexue.com: https://qifukexue.com/?p=43887

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