# Zhongshan Municipal Development and Reform Bureau: Hog-to-Grain Price Ratio Enters First-Level Excessive Decline Warning Zone

> 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.

- Date: 2026-11-02 · published 2026-11-02T19:37:57.026Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/75669-zhongshan-municipal-development-and-reform-bureau-hog-to-grain-price-ratio
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Sources

- zs.gov.cn: http://www.zs.gov.cn/fgj/gggs/content/post_2661064.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.