# Pork Concept Stocks Rise in Afternoon as Breeding Sow Herd First Falls Below Normal Level, Capacity Reduction Advances

> Hong Kong-listed pork stocks such as Muyuan and WH Group rose in afternoon trading on November 3. China's National Bureau of Statistics reported that breeding sow inventory at end-Q3 fell to 36.02 million head, below the normal holding level of 37.5 million for the first time, down 10.7% year on year. Hog prices fell over 10% during October, from 10.2 to 9.1 yuan/kg.

- Date: 2026-11-03 · published 2026-11-04T00:21:31.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/78715-pork-concept-stocks-rise-in-afternoon-as-breeding-sow-herd-first-falls-below
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sow herd liquidation below the normal level points to lower future pork supply, which supports hog prices and reduces demand for feed ingredients over time. Continued losses for producers may accelerate further culling.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-07-13 | [U.S. livestock: Hog futures rise as pork production estimates cut - AgCanada](https://feedsoft.ai/events/46233-u-s-livestock-hog-futures-rise-as-pork-production-estimates-cut-agcanada.md) | -2.4% | -1.8% |
| HOGS | 2017-11-22 | [Hog, Cattle Futures Bounce; Pork Belly Stocks Rise \| Fox Business](https://feedsoft.ai/events/68126-hog-cattle-futures-bounce-pork-belly-stocks-rise-fox-business.md) | +2.8% | +5.0% |
| HOGS | 2022-10-24 | [Chinese farmers reduce breeding herds
						 \| The Pig Site](https://feedsoft.ai/events/39129-chinese-farmers-reduce-breeding-herds-the-pig-site.md) | -1.9% | -5.7% |
| HOGS | 2021-01-26 | [Report: Higher Wages, Input Costs, Supply Chain Problems Affecting Pork Prices, Not ‘Concentration’ - National Pork Producers Council](https://feedsoft.ai/events/49304-report-higher-wages-input-costs-supply-chain-problems-affecting-pork-prices-not.md) | +0.7% | +17.8% |
| HOGS | 2021-08-17 | [China's Sow Herd Shrinks in July, First Decline in Almost 2 Years - Pork Business](https://feedsoft.ai/events/45561-china-s-sow-herd-shrinks-in-july-first-decline-in-almost-2-years-pork-business.md) | -3.0% | -11.0% |
| CORN | 2026-04-14 | [US corn stocks hit record high as global coarse grains production rises \| Feed & Grain](https://feedsoft.ai/events/19795-us-corn-stocks-hit-record-high-as-global-coarse-grains-production-rises-feed.md) | +2.3% | +5.3% |
| CORN | 2021-04-18 | [An Increase in Wheat Feeding to Hogs in China, as China’s First-Quarter Pork Production Rose \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47648-an-increase-in-wheat-feeding-to-hogs-in-china-as-china-s-first-quarter-pork.md) | +6.1% | +15.5% |
| CORN | 2019-08-01 | [Brazil to have record-setting year for corn production thanks to rotational farming and other advances](https://feedsoft.ai/events/57423-brazil-to-have-record-setting-year-for-corn-production-thanks-to-rotational.md) | -3.0% | -7.6% |

## Sources

- news.futunn.com: https://news.futunn.com/post/1003202633/hong-kong-stock-market-update-pork-related-stocks-rise-in

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