# November Hog Prices Start Bottoming Out: Supply-Demand Deadlock Persists, Can Cured-Meat Season Break It?

> The national average price for outer-three-元 hogs was 9.22 yuan/kg on November 2, up 0.03 yuan from the prior day but down 1.11 yuan from a month earlier. Prices were mixed by region, with southern areas firming on early curing demand while northern regions remained weak.

- Date: 2026-11-02 · published 2026-11-02T21:21:54.838Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/76150-november-hog-prices-start-bottoming-out-supply-demand-deadlock-persists-can
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Ample hog supply and sluggish pork demand keep farm margins thin, so feed buying from hog producers is likely to stay cautious until the seasonal curing demand strengthens in late November or December.

## Read by commodity

- CORN: neutral
- HOGS: bearish ▼

## Sources

- hangqing.zhuwang.com.cn: https://hangqing.zhuwang.com.cn/hangqingfenxi/20261102/655931.html
- chinafeedm.com: http://www.chinafeedm.com/h-nd-32731.html

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