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A brokerage review of Chinese agricultural companies’ third-quarter results found that low hog prices and industry oversupply left major pig producers loss-making and increased pressure on their balance sheets. Poultry results were mixed, while feed-company margins faced pressure from higher fishmeal costs and losses in hog farming; the review expects pig-sector capacity reductions to accelerate.
Losses among hog producers may eventually reduce animal numbers and feed demand, weighing on near-term demand for feed ingredients such as soybean meal. Higher fishmeal costs are also squeezing aquafeed margins, although the report does not establish a broad price shift for feed commodities.
caiwennews.comNov 5, 2026After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
Not enough comparable past events yet for a historical read.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.
