Data from listed Chinese hog farming companies show most producers' selling prices and revenues fell year-on-year in December 2025, with some down as much as 30%. The national average lean live hog price in 2025 was 13.74 CNY/kg, down 17.97% from 2024, and prices briefly fell below 11 CNY/kg at year-end.
Producers are reducing breeding sow capacity to address the oversupply.
Persistently low hog prices and reduced breeding sow numbers point to lower pork output later, which would cut hog-related feed demand over time. Near term, oversupply keeps hog prices under pressure.
Not 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.