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Mysteel reports that China's pork industry is in deep surplus as weak demand persists. Sow culling has not yet materialized, which could prolong the bottoming phase of the hog cycle.
The national average slaughter hog price fell to about 8.6 yuan per kg by April 2026, with record 2025 pork output of 59.38 million tonnes.
Continued Chinese oversupply keeps hog prices weak and reduces pressure for imports. Delayed capacity cuts mean the price bottom may be further out than normal.
mysteel.netApr 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.
