# SDIC Futures:专题 Analysis of Costs and Capacity in the Pig Farming Industry

> 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.

- Date: 2026-11-05 · published 2026-11-06T01:37:03.833Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/83099-sdic-futures-analysis-of-costs-and-capacity-in-the-pig-farming-industry
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-08-26 | [CME update: US hog futures rise as pork supplies contract
						 \| The Pig Site](https://feedsoft.ai/events/51760-cme-update-us-hog-futures-rise-as-pork-supplies-contract-the-pig-site.md) | -0.9% | +22.7% |
| HOGS | 2022-12-30 | [Pig outlook: Lean hog futures bulls take technical control
						 \| The Pig Site](https://feedsoft.ai/events/38235-pig-outlook-lean-hog-futures-bulls-take-technical-control-the-pig-site.md) | -6.6% | -11.8% |
| HOGS | 2026-06-29 | [Hog futures mixed as smaller-than-expected herd spurs buying - CME
						 \| The Pig Site](https://feedsoft.ai/events/18955-hog-futures-mixed-as-smaller-than-expected-herd-spurs-buying-cme-the-pig-site.md) | +0.6% | +8.7% |
| HOGS | 2025-03-31 | [Analysis of USDA Hogs and Pigs Report- JP Morgan - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/25740-analysis-of-usda-hogs-and-pigs-report-jp-morgan-swineweb-com-complete-swine.md) | +0.2% | +3.6% |
| HOGS | 2020-06-24 | [CME update: lean hog futures firm as cold storage supplies drop
						 \| The Pig Site](https://feedsoft.ai/events/52769-cme-update-lean-hog-futures-firm-as-cold-storage-supplies-drop-the-pig-site.md) | -3.2% | +8.3% |
| CORN | 2022-05-10 | [China Feed Industry Association: Four measures to combat the cost soaring of domestic feed ingredients](https://feedsoft.ai/events/41394-china-feed-industry-association-four-measures-to-combat-the-cost-soaring-of.md) | +3.2% | -1.4% |
| CORN | 2026-01-12 | [Shocking New Records in Yield and Production Pummel Corn Futures](https://feedsoft.ai/events/7092-shocking-new-records-in-yield-and-production-pummel-corn-futures.md) | -2.8% | -1.7% |
| CORN | 2017-08-15 | [Industry doubts on high USDA grain production figures  \| Farm Online \| ACT](https://feedsoft.ai/events/69395-industry-doubts-on-high-usda-grain-production-figures-farm-online-act.md) | -3.4% | -5.0% |

## Sources

- fxbaogao.com: https://www.fxbaogao.com/detail/5852854

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