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China's National Bureau of Statistics data show breeding sow inventory at end-Q3 at 36.02 million head, down 10.7% year on year and 96% of the normal level of 37.5 million. Livestock and farming sector stocks rose intraday on November 3, with the Tianhong livestock ETF index up 2.39%.
A falling sow herd reduces future pork output, which supports hog prices and longer-term feed demand. The equity move reflects market expectations of a cycle reversal rather than a direct change in feed supply.
news.ifeng.comNov 3, 2026After 100 past bullish report events, HOGS moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
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.
