# 16 sample pig companies lose over 28 billion yuan in first three quarters combined; industry targets '5 yuan cost' and diversifies into meat, some firms expect hog prices to turn around around Chinese New Year

> Sixteen listed Chinese hog producers reported combined net losses above 28 billion yuan for the first three quarters of 2026, with the industry losing money for 37 consecutive weeks. Sow inventory fell 10.7% year on year to 36.02 million head, below the 37.5 million regulatory target. Wens Foodstuff management expects hog prices to bottom around Chinese New Year 2027.

- Date: 2026-11-04 · published 2026-11-04T01:36:23.501Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/78940-16-sample-pig-companies-lose-over-28-billion-yuan-in-first-three-quarters
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy losses and sow herd contraction point to lower future hog numbers and weaker demand for feed, mainly soymeal and corn, while producers cut costs; a price recovery would only come after capacity exits.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bearish ▼

## Sources

- nbd.com.cn: https://www.nbd.com.cn/articles/2026-11-03/4637120.html

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