# Mysteel Analysis: Industry Stays Deeply Loss-Making as Sow Herd Reduction Speeds Up Again in October

> Hog prices in October failed to rise seasonally and fell to a year-low, leaving self-breeding and purchased-piglet fattening operations deeply loss-making. Cold weather in northern China added disease disturbance, while ongoing capacity-control policy pushed breeding sow numbers into faster reduction.

- Date: 2026-11-05 · published 2026-11-05T03:15:14.717Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/81102-mysteel-analysis-industry-stays-deeply-loss-making-as-sow-herd-reduction-speeds
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower hog prices and losses reduce farmer margins and feed demand near term, but faster sow culling points to tighter pork supply later, which could support hog prices and feed demand in the coming months.

## Read by commodity

- HOGS: bearish ▼

## Sources

- ncp.mysteel.com: https://ncp.mysteel.com/a/26110510/81FB12EDA308993F.html

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