# Mysteel Morning Report: National Hog Prices Expected to Stay Weak in Early Trade (20261104)

> 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.

- Date: 2026-11-04 · published 2026-11-04T00:56:30.292Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/78905-mysteel-morning-report-national-hog-prices-expected-to-stay-weak-in-early-trade
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bearish ▼

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110408/1560E14F5D55D000.html

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