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Average commodity hog prices fell 3.83% week on week to 9.03 yuan/kg as of October 30, nearing mid-April lows. Piglet prices dropped for eight straight weeks, and farms are losing money on both self-bred and purchased piglets.
The sow-to-hog price ratio remains high at 0.71, suggesting more culling.
Lower hog prices and heavy losses reduce farmers' appetite for restocking, cutting future feed demand. Continued sow culling supports a later price recovery, but near-term hog and feed-grain demand remains soft.
caiwennews.cnNov 4, 2026Not 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.
