# Industry Tracker | Hog Farming Market (November 9-15): Hog-to-Grain Ratio Dips Slightly Week on Week

> 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.

- Date: 2026-11-15 · published 2026-11-15T19:36:30.171Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/101701-industry-tracker-hog-farming-market-november-9-15-hog-to-grain-ratio-dips
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bearish ▼

## Sources

- field.10jqka.com.cn: https://field.10jqka.com.cn/20261115/c681829798.shtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.