# Hog prices fall below 9 yuan and a decade-low sow cull marks the hog cycle turning point

> Spot live hog prices have hovered around 9 yuan/kg, well below an estimated full breeding cost of about 16 yuan/kg. China's breeding sow herd has been cut by 10.9% cumulatively, the deepest reduction since the African swine fever outbreak.

- Date: 2026-11-04 · published 2026-11-05T01:36:44.607Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/80942-hog-prices-fall-below-9-yuan-and-a-decade-low-sow-cull-marks-the-hog-cycle
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Losses forcing herd reduction could create a future supply gap and pork price recovery, supporting feed demand in the longer term, while current weak prices weigh on near-term feed purchasing.

## Read by commodity

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

## Sources

- businesstimescn.com: https://businesstimescn.com/articles/632427.html

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