# Pig Watch: hog prices repeatedly bottom around the 9-yuan level, futures far-month premium, left-side positioning window in pig cycle draws attention

> 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.

- Date: 2026-11-03 · published 2026-11-03T06:14:24.670Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/77140-pig-watch-hog-prices-repeatedly-bottom-around-the-9-yuan-level-futures-far
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: neutral

## Sources

- jiemian.com: https://www.jiemian.com/article/15286082.html

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