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China’s third-quarter hog inventory was 425.33 million head, down 2.6% year over year, while the breeding-sow herd fell 10.7% to 36.02 million head. Analysts expect reduced supply and a potential hog-price turning point around the second quarter of 2027, although the effect of capacity cuts takes time to reach market-ready hogs; major producers are also reporting lower production costs.
A smaller breeding herd should eventually reduce hog supply and support hog prices, but the lag means near-term supply remains burdensome. Lower feed costs help producers’ margins; the article gives no new corn price driver.
stock.caijing.com.cnNov 6, 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.
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.
