# Hog Cycle at Bottoming Stage: Cost Cuts Extend Downstream, Muyuan Explores New Logic of Hog Industry Value

> Muyuan, a major Chinese pork producer, described the hog industry as loss-making, with live hog prices falling to around 9-10 yuan per kg and self-breeding losses near 220 yuan per head. The company said it had cut sow inventory by about 18% and is shifting into slaughter and processing, where its slaughter volume rose 51% in the first half of 2026. An industry forecast expects low, narrowly ranging hog prices next year.

- Date: 2026-11-05 · published 2026-11-05T19:36:35.755Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/82324-hog-cycle-at-bottoming-stage-cost-cuts-extend-downstream-muyuan-explores-new
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Sustained low hog prices and sow herd reduction point to slower pig numbers ahead, which weighs on feed demand over time. Near-term hog prices remain depressed with no new shock to move them sharply.

## Read by commodity

- HOGS: bearish ▼

## Sources

- hnxmsyzz.com: http://www.hnxmsyzz.com/news/show-21260.html

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