Wens Foodstuff reported October hog sales of 3.26 million head, while its average hog selling price fell 9% from September and was down year over year for a 19th consecutive month. The company recorded an approximately 4.9 billion yuan hog-business loss in the first three quarters and said more extensive capacity reductions could improve the outlook for prices in 2027.
Persistently low prices and producer losses may accelerate sow-herd liquidation, tightening future hog supply and potentially supporting prices next year. In the near term, weak prices and continued sales point to pressure on hog markets; lower production would eventually reduce feed demand.
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