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China's breeding sow herd fell to 36.02 million head in September, down 11% year on year and down for five straight quarters, while total hog inventory fell 2.6% to 425.33 million. Hog prices are under pressure from ample supply and weak consumption, with the national wholesale average at 16.33 yuan/kg in September and falling into the 15 yuan range in October.
Falling sow numbers point to lower pork output in 2027, which could support hog prices, but weak pork demand limits recovery and feed demand from China's hog sector.
pigtimes.co.krNov 4, 2026After 26 past neutral policy events, Lean Hogs moved a median -0.9% over 5 sessions (38% higher; middle half -2.6% to +1.7%), and +0.2% over 20.
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.
