Hog Prices Remain Low, Multiple Listed Pig Companies Plan to Suspend New Farm Construction Projects

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Hog prices continue to run at low levels, and multiple listed pig companies plan to suspend new farm construction projects. Shennong Group announced it intends to suspend construction of the Longmen pig farm project of Guangxi Daxin Shennong Agriculture Company Limited, which originally planned an investment of 120 million yuan, aimed at implementing hog production capacity control targets. Earlier, New Wellful terminated the construction project of a 2,400-head sire line pig farm in Yangjiadu Village, Huitong County, by Hunan Tianxin Breeding Company Limited in May. ST Longda announced on July 22 the termination of two hog breeding investment projects, scaling back capacity expansion and shifting focus to safeguarding cash flow and improving quality and efficiency at already operational pig farms.

Impact on stocks 3

Others▼ · 3 stocks
Hunan New Wellful Co Ltd
600975
▼ NegativeSupplyrelevance

New Wellful terminated a pig farm construction project due to low hog prices, indicating capacity reduction and weak industry conditions.

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