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Shanghai Steel Union analyst Wang Lingyun said the hog industry's capacity reduction cycle will likely end in Q1 2027, with supply effects appearing after Q2 2027. Among 113 listed agriculture companies reporting Q3 results, 39 posted year-on-year profit growth, led by broiler producers, while hog farmers posted the largest losses.
China's sow herd fell to 36.02 million head at end-Q3.
Persistent hog oversupply and weak Q4 demand keep domestic pork prices low, reducing near-term import demand for feed. Broiler strength supports demand for feed ingredients such as corn and soymeal.
guqizhixuan.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.
