Chinese hog futures fell to 9,195 yuan per tonne on November 6 after touching a contract low of 9,040 yuan the previous day, while the national lean-hog spot price dropped to 8.83 yuan per kg. High slaughter-ready supply and weak pork sales are weighing on prices, even as October breeding-sow inventories declined and losses and disease concerns are accelerating capacity reductions.
Near-term oversupply and sluggish pork demand are pressuring hog prices, while falling sow numbers could tighten supply later. The article expects prices to remain weak in the coming weeks, with a possible modest recovery later if demand improves and marketings slow.
Not 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.