Aquaculture ETF Penghua(159867) rises over 2.4%, and Muyuan Foods' slaughter and meat business achieves its first annual profit.

On the news front, Muyuan Co., Ltd. slaughtered 28.66M head of live hogs in 2025, selling 3.23 million tons of pork products such as fresh and frozen meat. The slaughtering and meat-food processing business generated operating revenue of 45.23B yuan, up 86.32% year over year. After laying out the slaughtering and meat-food business for six years, Muyuan Co., Ltd. has finally achieved full-year profitability in this segment.

Caitong Securities said that the hog breeding industry has now entered a “darkest hour”: in late March, first-time seasonal piglet losses occurred in nearly five years; together with fattened hog prices falling below 9.5 yuan/kg, the entire industry has fallen into deep losses. According to estimates by Yongyi Consulting, in breeding-sow farms with a capacity of 5,000–10,000 head, average losses expanded to 344.9 yuan per head, up another 53 yuan from the prior week. Against this backdrop, the pace of reducing the number of breeding sows is expected to shift from “passive wait-and-see” to “active production cuts.” Supply pressure from the second quarter of 2026 onward is expected to gradually ease, and signals of a cycle reversal are becoming increasingly clear.

As of 10:10 on April 2, 2026, the CSI Livestock and Breeding Index (930707) was strongly up 2.49%. Among constituent stocks, Sheng Bio rose 8.83%, Muyuan Co., Ltd. rose 5.80%, Lihua Co., Ltd. rose 4.98%, and stocks such as Juxing Agriculture & Animal Husbandry and Tiankang Biology also climbed in tandem. The Penghua Livestock Breeding ETF (159867) rose 2.45%, with the latest price at 0.63 yuan.

The Penghua Livestock Breeding ETF closely tracks the CSI Livestock and Breeding Index. The CSI Livestock and Breeding Index selects securities of listed companies involved in businesses such as livestock and poultry feed, livestock and poultry drugs, and livestock and poultry breeding, to reflect the overall performance of related listed companies.

Data show that, as of March 31, 2026, the top ten weight stocks of the CSI Livestock and Breeding Index (930707) were Wens Foodstuff, Haitai Group, Muyuan Co., Ltd., Zhengbang Technology, Meihua Biological, New Hope, Biog股份, DB Nong, San Nong Development, and Lihua Co., Ltd. The combined share of the top ten weight stocks accounted for 67.68%.