# Volume Up, Prices Down, Inventory Piling Up: Hog Market Faces Triple Pressure, Q4 May Stay Low and Range-Bound

> China's hog prices kept falling in October, from 10.2 yuan/kg at the start of the month to 9.1 yuan/kg on October 29, a drop of about 10.8%. Average slaughter weights rose to 125.0 kg, about 1.2 kg above the start of October, so supply kept growing even as prices fell. Frozen pork inventories remained high year on year, and the fat-lean hog price spread narrowed.

- Date: 2026-11-03 · published 2026-11-03T03:14:27.880Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/76958-volume-up-prices-down-inventory-piling-up-hog-market-faces-triple-pressure-q4
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavier hogs and high frozen-pork stocks add supply just as seasonal demand should lift prices, so the pressure on hog prices persists. Weaker hog prices reduce farmers' margins for feed purchases, which weighs on demand for feed ingredients.

## Read by commodity

- HOGS: bearish ▼

## Sources

- news.zhuwang.com.cn: https://news.zhuwang.com.cn/xingyedianping/20261103/656003.html

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