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The report says October hog supply exceeded demand, with spot prices falling below 9 yuan per kilogram in many areas as large producers continued sales and secondary fattening demand remained weak. November planned slaughter was expected to increase, while elevated slaughter weights and frozen-pork stocks were likely to keep supply ample; seasonal demand could offer some support later in the month.
Near-term surplus supply and high frozen inventories are bearish for hog prices, while continued slaughter sustains feed use in the short run. Ongoing producer losses may prompt further sow liquidation, potentially tightening supply and reducing feed demand later.
feng.ifeng.comNov 5, 2026Not enough comparable past events yet for a historical read.
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.
