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On November 3 Chinese livestock stocks rallied in early trade. Spot outer-three-yuan hog prices were 9.01 yuan/kg, close to the year low of 8.63 yuan/kg.
Q3-end sow inventory fell to 36.02 million head, below the 37.5 million normal holding line, and the far-month hog futures contract trades about 2,900 yuan/t above the front month.
Sow herd contraction points to tighter pork supply from the second quarter of 2027, while the futures curve prices in future improvement, which may support longer-term feed demand expectations.
jiemian.comNov 3, 2026Not 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.
