# Breeding Sow Inventory Declines Month on Month for 14 Consecutive Months, Capacity Reduction Exceeds Expectations

> China’s breeding-sow inventory fell to 36.02 million head at the end of the third quarter, down 10.7% year on year and 4.7% from the previous quarter. The article says capacity reductions have accelerated and exceeded expectations, lifting expectations of a hog-price turning point later in 2026.

- Date: 2026-11-06 · published 2026-11-06T15:18:16.611Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/84243-breeding-sow-inventory-declines-month-on-month-for-14-consecutive-months
- 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

A smaller breeding herd points to reduced future hog supplies, which could support hog prices if demand holds. Lower animal numbers could also weigh on feed demand over time.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-05-27 | [USDA reports second largest inventory of cattle on feed since 1996](https://feedsoft.ai/events/4968-usda-reports-second-largest-inventory-of-cattle-on-feed-since-1996.md) | +2.4% | -6.4% |
| HOGS | 2022-10-24 | [Chinese farmers reduce breeding herds
						 \| The Pig Site](https://feedsoft.ai/events/39129-chinese-farmers-reduce-breeding-herds-the-pig-site.md) | -1.9% | -5.7% |
| HOGS | 2017-06-30 | [Hog Futures Extend Rally After Inventory Report \| Fox Business](https://feedsoft.ai/events/70644-hog-futures-extend-rally-after-inventory-report-fox-business.md) | +1.5% | -6.0% |
| HOGS | 2021-06-25 | [Latest Hogs and Pigs report shows a decline in farrowing intentions - Brownfield Ag News](https://feedsoft.ai/events/46731-latest-hogs-and-pigs-report-shows-a-decline-in-farrowing-intentions-brownfield.md) | +2.6% | +2.4% |
| HOGS | 2025-03-18 | [China's pig production expected to grow marginally in 2025](https://feedsoft.ai/events/25575-china-s-pig-production-expected-to-grow-marginally-in-2025.md) | -1.6% | -3.0% |
| CORN | 2018-12-11 | [USDA Raises Corn Inventories Outlook Beyond Expectations](https://feedsoft.ai/events/61507-usda-raises-corn-inventories-outlook-beyond-expectations.md) | +0.4% | +1.2% |
| CORN | 2025-10-09 | [Expana lifts EU cereal forecasts, maize exceeds expectations \| Reuters](https://feedsoft.ai/events/22336-expana-lifts-eu-cereal-forecasts-maize-exceeds-expectations-reuters.md) | -0.9% | +0.9% |
| CORN | 2026-10-28 | [Corn Soybean Prices Dip as US Harvest Exceeds Expectations \| Feed Strategy](https://feedsoft.ai/events/67-corn-soybean-prices-dip-as-us-harvest-exceeds-expectations-feed-strategy.md) | -0.5% | — |

## Sources

- caiwennews.cn: https://www.caiwennews.cn/article/1688255.shtml

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