# Agricultural Products | Hogs: Spot Quotes Stay Weak, Short-Term Focus on Fat-Lean Spread

> Soybean futures fell after crude oil dropped more than 8% following the Republican loss of Congress in the US midterms, with traders betting this could end the US-Israel war with Iran. Domestic soymeal spot prices fell in China as weak hog-farm demand and oil-mill inventory pressure weighed on the market.

- Date: 2026-11-05 · published 2026-11-05T18:14:38.326Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/82179-agricultural-products-hogs-spot-quotes-stay-weak-short-term-focus-on-fat-lean
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower crude prices reduce biofuel-linked demand for soy oil and soybeans, while weak Chinese hog demand cuts soymeal use. Both factors point to lower meal and feed-grain prices.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: neutral
- HOGS: bearish ▼

## Sources

- finance.eastmoney.com: https://finance.eastmoney.com/a/202611053922753343.html

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