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Zhongshan's average hog-to-grain price ratio was 4.89:1 in week 44 (Oct 26-30), entering the first-level warning zone set by Guangdong's pork reserve regulation plan. The bureau advised farms to keep production and slaughter pacing stable.
A hog-to-grain ratio in the warning zone signals weak hog margins that can curb restocking and feed demand, pressuring corn and meal prices over time.
zs.gov.cnNov 2, 2026Not enough comparable past events yet for a historical read.
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.
