# 16 sample pig companies lose more than 28 billion yuan in the first three quarters; industry pursues lower costs and some expect a turning point in hog prices around the Lunar New Year

> 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.

- Date: 2026-11-08 · published 2026-11-09T03:17:20.895Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/88652-16-sample-pig-companies-lose-more-than-28-billion-yuan-in-the-first-three
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2026-06-29 | [Hog futures mixed as smaller-than-expected herd spurs buying - CME
						 \| The Pig Site](https://feedsoft.ai/events/18955-hog-futures-mixed-as-smaller-than-expected-herd-spurs-buying-cme-the-pig-site.md) | +0.6% | +8.7% |
| HOGS | 2024-02-16 | [Tight Supplies Expected to Boost Cattle and Hog Prices in 2024](https://feedsoft.ai/events/31615-tight-supplies-expected-to-boost-cattle-and-hog-prices-in-2024.md) | +3.9% | +4.0% |
| HOGS | 2025-07-29 | [Lower Slaughter, Freezer Stocks Underpin Pork Prices in the Near Term - Pork Checkoff](https://feedsoft.ai/events/23902-lower-slaughter-freezer-stocks-underpin-pork-prices-in-the-near-term-pork.md) | -0.3% | -9.8% |
| HOGS | 2023-07-06 | [Pig outlook: Lean hog futures bulls gain still more power
						 \| The Pig Site](https://feedsoft.ai/events/35028-pig-outlook-lean-hog-futures-bulls-gain-still-more-power-the-pig-site.md) | +1.9% | +5.4% |
| HOGS | 2022-12-09 | [High hog prices squeeze pork processors: USDA ERS - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/38370-high-hog-prices-squeeze-pork-processors-usda-ers-swineweb-com-complete-swine.md) | -0.2% | -3.4% |
| SBM | 2023-09-06 | [U.S. Agricultural Exports Forecast at $172.0 Billion in Fiscal Year 2024 - Farm Policy News](https://feedsoft.ai/events/14815-u-s-agricultural-exports-forecast-at-172-0-billion-in-fiscal-year-2024-farm.md) | -0.1% | -9.4% |
| SBM | 2022-04-20 | [China’s Struggling Pig Farmers Should Return to Profit in Third Quarter, Agriculture Ministry Official Says](https://feedsoft.ai/events/41837-china-s-struggling-pig-farmers-should-return-to-profit-in-third-quarter.md) | -4.0% | -11.4% |
| SBM | 2021-09-10 | [USDA raises corn and soy yield forecasts, pushing down price expectations \| 2021-09-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45108-usda-raises-corn-and-soy-yield-forecasts-pushing-down-price-expectations-2021.md) | +1.7% | -3.7% |

## Sources

- shuimuzy.com: https://shuimuzy.com/articles/daily-cfeb9c1153a2.html

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