Hog supply stayed in surplus in October, and spot prices in many regions fell below 9 yuan/kg by month-end. Large-scale producers plan higher November slaughter, and farmers are reluctant to restock, so oversupply is expected to persist near term.
Sow herd reduction continues, with the timing of any tightening in 2027 still disputed.
Oversupplied hog markets cut the expected feed demand from producers, which is bearish for corn and meal. The sow herd cuts point to tighter pork supply later, which may support feed demand in 2027.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.