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China's hog-to-grain price ratio fell 3.55% week on week to 4.07 as of November 4, and the hog-to-feed ratio dropped 2.96%. Feed prices slipped 0.75% to 2.66 yuan/kg, and soybeans were quoted at 4866.5 yuan/t.
Several listed hog producers reported large losses in their latest financial reports.
A hog-to-grain ratio well below the 6:1 breakeven signals that producers are losing money and may cut herds, which would lower future feed demand. Feed prices remain under mild pressure in the near term.
field.10jqka.com.cnNov 15, 2026Not 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.
