The Zhitong Finance App learned that pork concept stocks generally rose today. As of press release, Dekang Agriculture and Animal Husbandry (02419) rose 4.97% to HK$49; COFCO Jiajiakang (01610) rose 3.92% to HK$1.06; and Muyuan shares (02714) rose 3.26% to HK$32.32.

According to the news, according to data from Pig Haoduo Network, the national pig price reached 11.36 yuan/kg on July 9, recording an 11th consecutive day of increase. The cumulative increase from the April low is already over 20%. Shanxi Securities believes that under the guidance of the pig industry policy, the removal of production capacity under policy regulation may advance simultaneously. Furthermore, the slope or phased sow production efficiency curve represented by PSY is slowing down. This year is likely to see the third significant reduction in production capacity since 2021, and the fundamentals and valuation of the pig breeding industry are expected to be repaired.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.