Pig Farming Sector Accelerates Capacity Reduction; Leading Firms Shift from 'Enduring the Cycle' to 'Strengthening Internal Capabilities'

On the evening of April 21, Muyuan and Wens simultaneously released their Q1 2026 financial reports. Both leading firms recorded losses of 1.215 billion yuan and 1.07 billion yuan respectively, marking a year-over-year swing from profit to loss.

Since the beginning of this year, pig prices have remained persistently weak, particularly in April when national pig prices fell below the 10 yuan per kilogram threshold. Recent visits to pig farmers in Henan and other regions, as well as multiple industry leaders, revealed that under the pressure of sustained deep losses, capacity reduction in the industry is accelerating.

At the same time, the profound adjustment in this phase of the pig cycle is forcing the industry to shift from extensive scale expansion to refined quality improvement. Leading firms are now launching differentiated breakthrough strategies based on their own endowments. (Shanghai Securities News)