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A report describes hog and piglet prices in China as near decade lows, with producers sustaining losses and breeding-sow inventories falling. It cites official and industry data showing faster herd reductions, while higher productivity is partly offsetting the decline; it expects hog prices to stabilize gradually, with more substantial improvement possibly beginning around mid-2027.
Continued losses and sow liquidation point to lower future hog and feed demand, although productivity gains may cushion the reduction. That combination is potentially bearish for feed grains and protein meals, with any later hog-price recovery likely to support demand.
fxbaogao.comNov 5, 2026After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
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.
