Hog prices rose nationwide in mid-November after falling to near decade lows, with Guangdong and Fujian quoted highest. The national average for external ternary hogs was about 8.80 yuan/kg, up for three straight sessions.
Analysts expect a modest seasonal rise into early December as cured-meat demand builds, but not a sharp rally.
Higher hog prices and seasonal demand can lift farmer willingness to restock and modestly support feed demand. However, sow herd cuts are still at an early stage, so the recovery is likely to remain limited and feed buying may stay cautious.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.