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Hog spot prices weakened on November 4, with mainstream market prices at 8.86 yuan/kg, down 0.10 yuan. Sow inventory fell to 36.02 million head, but high piglet births and rising carcass weights keep supply heavy while frozen pork stocks are high.
Heavy hog supply and high frozen inventories suggest continued pressure on hog prices, reducing farmer demand for feed.
Not enough comparable past events yet for a historical read.
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.