# Zhongshan Municipal Development and Reform Bureau

> 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.

- Date: 2026-11-02 · published 2026-11-03T07:36:40.564Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/77283-zhongshan-municipal-development-and-reform-bureau
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- HOGS: bearish ▼

## Sources

- zs.gov.cn: https://www.zs.gov.cn/fgj/gggs/content/post_2661064.html

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