China’s official data showed 537.39 million hogs slaughtered in the first three quarters of 2026, up 1.4% year over year, while pork output rose 3.2%. At the end of the third quarter, hog inventories were down 2.6% and breeding-sow inventories were down 10.7% year over year; provincial slaughter trends varied.
Declining inventories, especially breeding sows, point to slower future pork supply growth and could support hog prices over time. However, slaughter and pork output were still higher year over year, indicating that near-term supply remained ample.
After 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.