# Mysteel analysis: 'Sow culling, fattening hogs not reduced' - hog market continues under pressure and bottoming

> On November 4, the national average price for outside-ternary live hogs fell 3.9% from October 28 to 8.85 yuan/kg, down about 26% year on year. Breeding firms plan to sell 2.56% more hogs in November while sow herds are being culled, and cold-storage stocks sit at 31.6% capacity with pork processors pressing prices.

- Date: 2026-11-04 · published 2026-11-04T09:14:34.857Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/79559-mysteel-analysis-sow-culling-fattening-hogs-not-reduced-hog-market-continues
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Ample hog supply and weak pork demand ahead of the curing season point to continued pressure on hog prices, which weakens hog-farmer demand for feed such as corn and soybean meal.

## Read by commodity

- HOGS: bearish ▼

## Sources

- goodsfu.10jqka.com.cn: https://goodsfu.10jqka.com.cn/20261104/c681457951.shtml

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