
Hoa Phat Agriculture said live-hog prices fell sharply in October and remained low longer than expected, but the company expects to remain profitable in the fourth quarter. It reported selling more than 151,000 hogs in the third quarter, while saying its low production costs and integrated feed-to-farm operations help protect margins.
Lower hog prices pressure producer margins and may weigh on hog prices if the weakness persists. The company’s feed-cost savings are specific to its operations and do not indicate a broader change in ingredient prices.
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