Muyuan Foodstuff Co Ltd

The agricultural sector is seeing a wave of positive catalysts, with Agricultural ETF Penghua rising more than 3.1%. In agrochemicals, glyphosate prices have climbed from 23,000 yuan per tonne at the start of the year to above 30,000 yuan, while glufosinate stands to benefit from US anti-dumping and countervailing duty investigations into glyphosate, potentially opening up further room in the North American market. The potash fertilizer segment posted strong second-quarter earnings, and a symposium on self-discipline in urea industry exports was held, raising expectations of favourable export conditions. In hog farming, the national average hog price has exceeded 11 yuan per kilogram, up 13% week-on-week, and the target for the breeding sow inventory has been brought forward to September, with capacity reduction continuing and room for a new cycle anticipated. In natural rubber, Typhoon Maysak passing through Hainan has triggered expectations of lower output, and a strong El Niño is expected to start having real impacts in the fourth quarter of 2026, with institutions pointing to a very high certainty of rising rubber prices from late 2026 to late 2027. As of 10:24 a.m. on 6 July 2026, the CSI Agriculture Thematic Index surged 3.14%, with constituent stocks such as Juxing Farming and Animal Husbandry up 8.35%, Tianbang Food up 6.61%, Yisheng Livestock and Poultry Breeding up 5.96%, and New Hope Liuhe and Muyuan Foods also advancing. Agricultural ETF Penghua closely tracks the CSI Agriculture Thematic Index, which selects 50 listed companies involved in agricultural products, farm machinery, fertilizers and pesticides, livestock and poultry medicines, and other related fields as constituents, with the top ten holdings accounting for 61.97% of the total weight.

The CSI Agriculture Theme Index surged 3.05%, with component stock Giant Star Livestock hitting the daily limit up, New Hope rising 7.52%, Tianbang Food gaining 5.73%, and Muyuan Foods and Wens Foodstuff following the uptrend. The CSI Animal Husbandry and Breeding Industry Index also jumped 3.64%, with its components similarly active. The hog farming sector recently saw an oversold rebound. As of last Friday, the national average hog price exceeded 11 yuan per kilogram, up 13% week-on-week, while average slaughter weight fell 0.21% week-on-week. Founder Securities believes the price rise stems from the widening spread between standard and fat pigs after deep losses drove continuous clearance of heavy pigs, fueling sentiment for holding back sales and secondary fattening. Guosheng Securities noted that although losses per head for farrow-to-finish operations have narrowed, deep losses persist. The implementation of capacity control policies is expected to accelerate industry destocking. The hog price trough has emerged, and momentum for a cycle reversal is building.