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Sixteen listed Chinese pig producers reported combined net losses exceeding 28 billion yuan in the first three quarters, as the sector endured 37 consecutive weeks of losses. National breeding-sow inventories were down 10.7% year over year to 36.02 million at quarter-end, and a company executive said hog prices might reach a turning point around the 2027 Lunar New Year.
Sustained losses and a smaller sow herd raise the prospect of further capacity reductions, which could tighten hog supplies and support prices later. Weak current hog economics and herd contraction weigh on near-term feed demand.
shuimuzy.comNov 8, 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.
After 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.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% 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.
