Muyuan said it sold 77.98 million commercial hogs in 2025, up ~19% year-on-year, with revenue of over CNY 132.8 billion (USD 18.50 billion). Based on its 12.0–14.5 million piglet sales guidance, total commercial hog + piglet sales likely exceeded 90 million head, while breeding sow inventory fell to 3.23 million by end-2025.
Muyuan’s latest monthly sales bulletin for December 2025 points to another step-up in throughput last year. The company said it sold about 77.98 million commercial hogs in 2025, generating over CNY 132.80 billion (USD 18.50 billion) in revenue from those sales.
For comparison, in 2024 Muyuan sold 71.60 million hogs in total, consisting of 65.48 million commercial hogs, 5.66 million piglets, and 0.47 million breeding pigs.
On commercial hogs alone, Muyuan’s 2025 volume was up about 19% year-on-year.
In 2025, Muyuan adjusted how it reports sales. The main table now covers only meat hogs—including finisher pigs and culled sows—with volume, revenue, and pricing data. Piglet and breeding pig volumes were moved to separate lines, and from August 2025 onward the company stopped disclosing those two categories on a monthly basis.
Still, Muyuan provided a key update in its September 2025 bulletin: it said it had sold 11.57 million piglets in January–September 2025, and revised its full-year piglet marketing forecast from 8.00–12.00 million head to 12.00–14.50 million head.
That implies Muyuan’s combined sales of commercial hogs plus piglets in 2025 were very likely above 90 million head, even without counting breeding pigs. At the top end of the forecast range, the total would be roughly 92.50 million head.
Muyuan indicated piglet sales grew more than 100% year-on-year, attributing the increase to stronger piglet demand in the first half of 2025 and improved production performance. The company said it also introduced new piglet sales arrangements to offer customers a “high-quality, stable” supply and “develop together” with them.
In the first half of 2025, Muyuan disclosed piglet and breeding pig sales of 8.29 million and 0.23 million head, respectively, with breeding pig volumes notably lower than a year earlier.
On the breeding base, quarterly disclosures show Muyuan cut breeding sow inventory in the second half of 2025 in response to China’s capacity control policy. By end-December 2025, breeding sow inventory stood at 3.23 million, down by nearly 0.20 million from end-June 2025 (3.43 million) and down 0.28 million year-on-year.
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