The three major pig farming companies experienced a month-on-month decline in pig sales in February. Both sales revenue month-on-month and year-on-year declined.

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The three major publicly listed pig farming companies—Muyuan Foods (002714.SZ), New Hope (000876.SZ), and Wen’s Shares (300498.SZ)—recently released their pig sales figures for February 2026.

Sales performance of the three major listed pig companies over the past year. Note: Wen’s Shares 2026 data refers to meat pigs (including hair pigs and fresh products), while 2025 data includes live pigs (including hair pigs, fresh products, and piglets); New Hope 2026 data refers to commercial pigs, and 2025 data includes live pigs. Same below. Chart by The Paper News.

In terms of volume, the sales of pig products by the three companies all declined month-over-month. Year-over-year, Muyuan Foods saw a slight decrease, while Wen’s Shares and New Hope experienced growth.

In February, Muyuan Foods sold 4.603 million commercial pigs, down 34.33% month-over-month and down 0.77% year-over-year. Wen’s Shares sold 2.697 million meat pigs (including hair pigs and fresh products), down 9% month-over-month but up 3.8% year-over-year. New Hope sold 982,200 commercial pigs, down 12.44% month-over-month but up 19.97% year-over-year.

Sales volume of the three major listed pig companies. Table by The Paper News.

Looking at sales revenue, the sales income from pig products for all three companies declined both month-over-month and year-over-year.

In February, Muyuan Foods’ revenue from commercial pigs was 6.405 billion yuan, down 39.38% month-over-month and 23.98% year-over-year. Wen’s Shares’ revenue from meat pigs was 3.956 billion yuan, down 15.79% month-over-month and 15.58% year-over-year. New Hope’s revenue from commercial pigs was 1.327 billion yuan, down 18.49% month-over-month and 7.42% year-over-year.

Sales revenue of the three major listed pig companies. Table by The Paper News.

Regarding average selling prices, the average prices for pig products by these companies declined both month-over-month and year-over-year. The month-over-month decrease ranged from 7% to 9%, and the year-over-year decrease ranged from 18% to 23%.

In February, Muyuan Foods’ average selling price for commercial pigs was 11.59 yuan/kg, down 7.8% month-over-month and 18.72% year-over-year. Wen’s Shares’ hair pig average price was 11.62 yuan/kg, down 8.86% month-over-month and 22.33% year-over-year. New Hope’s commercial pig average price was 11.45 yuan/kg, down 8.25% month-over-month and 21.79% year-over-year.

Average selling price of the three major listed pig companies. Table by The Paper News.

(Source: The Paper News)

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