Latest news with #MuyuanFoods
Yahoo
a day ago
- Business
- Yahoo
China wants slimmer pigs
By Ella Cao and Lewis Jackson BEIJING (Reuters) -Chinese farmers and small firms have increasingly bought market-ready pigs from larger breeders and fattened them in a bet on higher prices, but the government is cracking down on the speculative practice to slim down hogs and stabilise the market. For small breeders, "refattening" or buying adult hogs from big producers and feeding them for an extra few months until they put on an extra 40-50kg is a way to gamble on pork prices rising. But analysts say regulators are concerned the bets fuel big price swings and squander feed, in the latter case clashing with a national push to cut grain use in livestock, especially as the trade war with the U.S. underscores a long-standing goal to reduce dependence on food imports. "It can lead to short-term shortages followed by a glut, driving big price swings and unsettling the market," said Pan Chenjun, senior animal protein analyst at Rabobank. "The government seems intent on stabilising pork prices, which remain weak, while protecting small farmers from losses and curbing speculative behaviour," Pan added. Muyuan Foods, China's top pig breeder, told state-run Beijing News in late May that it had halted sales to refatteners, after rumours of a policy meeting targeting the practice boosted pig firm stocks. A crackdown is already underway, according to a source directly familiar with the matter and two briefed by others involved, one of whom said Guangdong province in southern China is a particularly strict enforcer. The National Development and Reform Commission and Muyuan did not respond to Reuters' requests for comment. China, the world's biggest pork consumer, is grappling with weak demand and oversupply that have eroded margins. Cash hog prices have hovered around 14 yuan per kg since February, down from a peak of 21 yuan last August, according to MySteel data. Refattening boosts pork supply when the pigs hit the market and worsens price drops when the market is already falling, said Lin Guofa, senior analyst at Bric Agriculture Group, a consultancy. A 150-kg pig yields about 142% of the pork produced by a 115-kg pig, Lin added. Feed efficiency is also a concern as China looks to cut grain use in animal feed, especially with the trade war speeding its move away from the U.S. soybeans that mostly go into animal feed. Pigs are most efficient at around 120 kg - beyond that, they eat more but grow less, Pan said.
Yahoo
a day ago
- Business
- Yahoo
China wants slimmer pigs
By Ella Cao and Lewis Jackson BEIJING (Reuters) - Chinese farmers and small firms have increasingly bought market-ready pigs from larger breeders and fattened them in a bet on higher prices, but the government is cracking down on the speculative practice to slim down hogs and stabilise the market. For small breeders, "refattening" or buying adult hogs from big producers and feeding them for an extra few months until they put on an extra 40-50kg is a way to gamble on pork prices rising. But analysts say regulators are concerned the bets fuel big price swings and squander feed, in the latter case clashing with a national push to cut grain use in livestock, especially as the trade war with the U.S. underscores a long-standing goal to reduce dependence on food imports. "It can lead to short-term shortages followed by a glut, driving big price swings and unsettling the market," said Pan Chenjun, senior animal protein analyst at Rabobank. "The government seems intent on stabilising pork prices, which remain weak, while protecting small farmers from losses and curbing speculative behaviour," Pan added. Muyuan Foods, China's top pig breeder, told state-run Beijing News in late May that it had halted sales to refatteners, after rumours of a policy meeting targeting the practice boosted pig firm stocks. A crackdown is already underway, according to a source directly familiar with the matter and two briefed by others involved, one of whom said Guangdong province in southern China is a particularly strict enforcer. The National Development and Reform Commission and Muyuan did not respond to Reuters' requests for comment. China, the world's biggest pork consumer, is grappling with weak demand and oversupply that have eroded margins. Cash hog prices have hovered around 14 yuan per kg since February, down from a peak of 21 yuan last August, according to MySteel data. Refattening boosts pork supply when the pigs hit the market and worsens price drops when the market is already falling, said Lin Guofa, senior analyst at Bric Agriculture Group, a consultancy. A 150-kg pig yields about 142% of the pork produced by a 115-kg pig, Lin added. Feed efficiency is also a concern as China looks to cut grain use in animal feed, especially with the trade war speeding its move away from the U.S. soybeans that mostly go into animal feed. Pigs are most efficient at around 120 kg - beyond that, they eat more but grow less, Pan said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
28-05-2025
- Business
- South China Morning Post
Muyuan, BASiC, FS.com, Seer and Worldwide file to raise capital in Hong Kong's IPO flurry
Five mainland companies have filed preliminary listing applications with the Hong Kong stock exchange to raise capital, joining the flurry of Chinese start-ups that have pushed the city to the top of the global ranking for initial public offerings (IPOs). Advertisement The pack is led by Muyuan Foods, one of the world's largest hog breeders and pork producers, which may raise up to US$1 billion through a secondary listing. Shenzhen-listed Muyuan has appointed Morgan Stanley Asia, CLSA and Goldman Sachs (Asia) as the overall coordinators of its stock sale, using the proceeds from the IPO to fund its global expansion. BASiC Semiconductor, Shanghai Seer and Worldwide Logistics also applied to raise capital, according to their statements on Wednesday, without disclosing the size of the fundraising or the timing of their sales. The filings, known as A1 forms, mark the first step in the Hong Kong IPO process. None of the applications have received regulatory approval yet. Shanghai Seer makes industrial robots and autonomous forklifts. It picked China International Capital Corporation Limited as its overall coordinator. Worldwide Logistics, a freight forwarder based in Shanghai, has named CLSA and CMB International as its overall coordinators. Undated photographs of the automated forklifts produced by Shanghai Seer. Photo: Handout Hong Kong's IPO fundraising has ballooned sevenfold to HK$76 billion this week from the same period last year. The exchange, the world's top fundraising destination in seven of the previous 15 years, has raised nearly 90 per cent of last year's full-year proceeds in the first five months of 2025, Hong Kong Financial Secretary Paul Chan wrote in his Sunday's blog.
South China Morning Post
10-03-2025
- Business
- South China Morning Post
Chinese pork producer Muyuan mulls US$1 billion secondary Hong Kong listing
Muyuan Foods, one of the world's biggest pig breeders and pork producers, is considering a second listing in Hong Kong that may help it to raise at least US$1 billion, according to people familiar with the situation. Advertisement The Chinese company is seeking to hire banks to prepare for a possible share sale that could take place as soon as this year, the people said, asking not to be identified as the information is not public. Deliberations are ongoing and details including size and timing could change, the people said. Representatives for Muyuan did not immediately respond to requests for comment. Founded in 1992, Muyuan listed in Shenzhen in 2014. Its shares have dropped about 3 per cent this year, and 19 per cent from the end of September, giving the company a market value of 204 billion yuan (US$28 billion). The Shenzhen Stock Exchange Composite Index has risen about 6 per cent this year. Electric vehicle battery maker CATL is likely to raise funds in Hong Kong this year. Photo: Reuters China has faced a glut in many agricultural products, including pork, whose output surged as the country recovered from a widespread outbreak of African swine fever. The surplus in supply and weaker demand for meat as the economy falters are expected to weigh on pig farmers' margins this year. Advertisement
