# Guangqi Agricultural Products: November 2026 Hog Monthly Report - Guangda Futures hog research

> As of October 30, the national average hog price was 9.02 yuan/kg, down 1.06 yuan from late September. Sow herd fell 10.7% year on year to 96% of normal holding levels, while farmers' losses widened to about 354 yuan per head. Slaughter-plant utilization was 37.31%, and the analyst view is bearish with moderate conviction.

- Date: 2026-11-02 · published 2026-11-03T06:14:24.806Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/77142-guangqi-agricultural-products-november-2026-hog-monthly-report-guangda-futures
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Persistent hog losses and weak slaughter demand may trigger further sell-offs and reduce pig feed demand, pressuring meal and grain consumption in the short term.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-02-09 | [Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 \| Economic Research Service](https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural.md) | +7.7% | +10.0% |
| HOGS | 2024-09-30 | [US Pork Production and Futures Price Range Projection – LACO Commodity Research](https://feedsoft.ai/events/28475-us-pork-production-and-futures-price-range-projection-laco-commodity-research.md) | +1.6% | -1.2% |
| HOGS | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.0% | +13.0% |
| HOGS | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +7.1% | +8.7% |
| HOGS | 2022-09-07 | [China: Livestock and Products Annual \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/39526-china-livestock-and-products-annual-usda-foreign-agricultural-service.md) | +0.4% | -6.1% |

## Sources

- x.qhkch.com: https://x.qhkch.com/reports/reportId?id=216595&reportId=report39a971d5-39df-53aa-bd5e-4a2be334f96e

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