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China's hog sector is cutting capacity faster: sows in the national breeding herd stood at 36.02 million at the end of Q3, down 10.7% year on year, with a 4.7% quarterly drop, the largest on record. Spot hog prices fell to about 9 yuan/kg on November 3, leaving integrated farms losing over 300 yuan per head, while live cattle prices rose 15.9% year on year in Shandong.
Shrinking sow numbers and tighter beef supply could eventually lift animal protein prices and support demand for feed, but near-term weak hog prices keep producers cutting costs, which weighs on feed ingredient demand. Analysts expect the cycle to turn only after further capacity reduction.
k.sina.cnNov 3, 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.
