Muyuan Foodstuff
| Company type | Public |
|---|---|
| Industry | Food company, Pork production |
| Predecessor | Muyuan Farming |
| Founded | 1992 |
| Founder | Qin Yinglin, Qian Ying |
| Headquarters | Nanyang (implied from location of largest farm) , China |
Area served | China, global pork market |
Key people | Qin Yinglin (founder) |
| Products | Pork, pig farming |
Muyuan Foodstuff () is a Chinese enterprise focused on pork production within the food company sector. By 2023, Muyuan manages the raising of approximately 100 million pigs and processes 63 million annually, making it the operator of the globe's largest pig farm.
History
Established in 1992 by the couple Qin Yinglin and Qian Ying, Muyuan experienced swift growth, expanding its pig population from 2,000 in 1994 to 10,000 by 1997. In 2000, Qin founded Muyuan Farming (牧原养殖), which later evolved into Muyuan Foodstuff. The company obtained financing and investment from the International Finance Corporation in 2010. By 2013, Muyuan controlled two subsidiaries and one affiliated company, collectively raising over one million pigs each year. The firm debuted on the Shenzhen Stock Exchange on 28 January 2014 under the stock symbol 002714.SZ. By 2019, it had become China's second-largest pork producer, trailing only Wens Foodstuff Group.
The outbreak of African swine fever in 2020 caused a global rise in pork prices, resulting in a profit increase of 1,413% for Muyuan during the first nine months of that year. This significant capital gain enabled investment in advanced mega farm projects. Ownership of the majority of its facilities provided Muyuan with a strategic edge in disease control compared to its rivals.
In 2021, Muyuan achieved the status of the world's top sow producer.
Facilities
Muyuan operates the world's largest pig farm near Nanyang, which utilizes multilevel pig barns to enhance stocking density. This comprehensive farrow-to-finish site handles all stages from breeding to slaughter internally and aims for an annual output of 2.1 million pigs.