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China's national average hog price fell to 9.45 yuan/kg on October 23, with the industry in record losses and slaughter weights at highs. Frozen pork inventories are at seasonal highs and futures curves show prices below 10 yuan/kg for the next six months.
Heavy losses and forced sow culling point to shrinking pork supply from late 2027, which is bearish for hog prices near term and a potential turning point later. Feed buyers face weak hog-farm demand for feed in the near term.
feng.ifeng.comNov 3, 2026
m.jrj.com.cnNov 3, 2026Not enough comparable past events yet for a historical read.
Not 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.
