# Live Hog Futures Hit Record Low as Sow Herd Shrinks: Is China's Pork Cycle Bottoming?

> China's live hog futures main contract closed at a record low of 9,150 yuan/tonne on November 3, down 4.09% in one day, while spot hog prices approached April's historic low at 4.47 yuan/jin. Official data showed breeding sow inventory fell to 36.02 million head in Q3 2026, down 10.7% year on year, and industry losses have run for 14 months.

- Date: 2026-11-04 · published 2026-11-04T03:14:14.832Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/79088-live-hog-futures-hit-record-low-as-sow-herd-shrinks-is-china-s-pork-cycle
- 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

Ample market supply keeps hog prices under pressure now, but shrinking breeding sows point to lower pork output from around mid-2026 onward, which would eventually support feed demand for corn and soymeal.

## Read by commodity

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

## Sources

- news.zhuwang.com.cn: https://news.zhuwang.com.cn/xinwen/20261104/656115.html

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