# Sixteen sampled pig producers lose over 28 billion yuan in first three quarters as industry targets 5-yuan cost

> Sixteen sampled Chinese listed hog producers posted combined net losses above 28 billion yuan in the first three quarters of 2026. Muyuan lost 9.319 billion yuan and Wens lost 4.961 billion yuan, and the sow herd fell to 36.02 million head, below the 37.5 million regulatory target. Wens management said it expects hog prices to turn around around Spring Festival 2027.

- Date: 2026-11-04 · published 2026-11-04T15:15:17.054Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/80013-sixteen-sampled-pig-producers-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 liquidation point to lower hog numbers ahead, which will cut future soymeal and feed demand in China. Cost-cutting does not change near-term feed demand much.

## Read by commodity

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

## Sources

- xueqiu.com: https://www.xueqiu.com/4642157440/415368556

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