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China's breeding sow herd fell 10.7% to 36.02 million head, below the 37.5 million normal holding level. Hog slaughter and pork output remained higher year on year in the first nine months, while live hog producer prices fell 22.1%.
A sharp sow herd contraction points to tighter hog supply later and eventually firmer feed demand, but the low hog prices show near-term demand weakness, leaving the feed price effect mixed.
efeedlink.comeFeedLink NewsdeskOct 26, 2026After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
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.
