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 毛猪 and fresh products), 2025 data includes live pigs (毛猪, fresh products, and piglets); New Hope 2026 data refers to commercial pigs, 2025 data includes live pigs. Same below. Chart by The Paper.

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

In February, Muyuan Foods sold 4.603 million commercial pigs, down 34.33% from the previous month and down 0.77% year-over-year. Wen’s Shares sold 2.697 million meat pigs (毛猪 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.

Looking at sales revenue, all three companies experienced declines both month-over-month and year-over-year.

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

Regarding average selling prices, all three companies saw declines both month-over-month and year-over-year. The decrease ranged from 7% to 9% month-over-month and 18% to 23% year-over-year.

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’毛猪 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.

(Source: The Paper)

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