
China's live hog prices fell 0.5% week on week to 11.48 yuan/kg in the third week of September 2026, while wholesale pork prices rose 0.7% to 16.40 yuan/kg on holiday stocking. The breeding sow herd stood at 37.8 million head at end-Q2, down 6.5% year on year.
Analysts expect limited Q4 price gains as farming efficiency offsets capacity cuts.
Soft live hog prices squeeze producer margins and point to subdued demand for feed ingredients in China. Limited Q4 gains suggest hog-linked feed demand will stay modest.
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