Agribusiness Weekly Report (Aug 3–7, 2026): Slower Hog Slaughter Pace on the Supply Side; Hog Prices May Stabilize at the Margin
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Key Views
- El Niño formed in May 2026 and should reach moderate-or-stronger intensity in summer–autumn, raising production-cut risks for palm oil, sugar, cotton and rubber.
- Live broiler quotes rose 4.41% WoW to RMB3.55/jin on August 10; the high-capacity, weak-consumption imbalance persists.
- Haid Group plans to raise its 2025–27 payout ratio above 50% and targets 100 million tons in global sales by 2050.
Outlook
Policy tightening under the 2026 Central Document No. 1 and MARA's annual production filing for leading hog producers could hasten the cycle's turning point. CSI 300 closed at 4,694 (+2.32%); the agriculture index at 2,418 (+0.06%), led by animal health (+5.84%).
Recommended Securities
Dekang; Muyuan Foods; Wen's Foodstuff; Shennong Group; Yisheng; Sunner Development; Haid Group (top pick); Gambol Pet; China Pet Foods.