China’s average live-hog price fell 2.9% week over week in the first week of November, while pork prices at monitored markets also declined. Officials attributed the declines to ample supply and weak pork sales, with seasonal consumer demand not yet strengthening; prices were expected to fluctuate slightly in the following week.
Ample hog supplies alongside sluggish demand are putting downward pressure on pork and live-hog prices. The near-term outlook remains soft, with only modest fluctuations expected.
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.