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Zhongshan's price monitoring showed the average hog-to-grain price ratio at 4.89:1 in week 44 (October 26-30), which entered the first-level excessive-decline warning zone set by Guangdong's pork reserve mechanism. The bureau advised farms to keep production and slaughter pacing stable.
A hog-to-grain ratio this low signals weak hog margins and possible herd reduction, which weighs on demand for feed grains and meal over time, though the government warning may prompt reserve buying that supports hog prices.
zs.gov.cnNov 2, 2026Not enough comparable past events yet for a historical read.
Not 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.
