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Live hog futures closed at a record low on November 3 at 9,150 yuan per tonne, and spot prices are near April's historic low. Sow herd data show breeding sows at 36.02 million head, down 10.7% year on year, and producers have lost money for about 14 months.
Sow herd reduction should tighten pork supply about 10 months later, which points to a possible price recovery in early 2027. Near-term oversupply keeps hog prices weak, which lowers hog-sector demand for feed in the meantime.
xm.shandong.gov.cnNov 5, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
