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Spot hog prices are expected to keep weakening as farms resume normal slaughter while downstream demand lags, leaving supply above demand. On November 3, the DCE lean hog main contract LH2701 closed at 9150 yuan/tonne, down 390 yuan (-4.09%), with a settlement of 9280 yuan/tonne.
Persistent oversupply and falling lean hog futures point to weaker hog-farm demand for feed, which reduces near-term feed ingredient demand from the Chinese hog sector.
ncp.mysteel.comNov 4, 2026Not 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.
