# Hogs: Inventory still needs to be digested, loose pace to continue

> 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.

- Date: 2026-11-04 · published 2026-11-04T12:14:38.723Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/79698-hogs-inventory-still-needs-to-be-digested-loose-pace-to-continue
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/money/future/wemedia/2026-11-04/doc-inixqnsq9315803.shtml
- news.10jqka.com.cn: https://news.10jqka.com.cn/20261104/c681466981.shtml

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