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On November 9, China’s average live-hog price was 8.52 yuan/kg and the average carcass price was 11.89 yuan/kg, leaving a spread of 3.37 yuan/kg, down 0.03 yuan from the previous workday. The spread moved in different directions across provinces, rising in some areas and declining in others.
The data show only a small national change in the processing spread and do not signal a material shift in hog supply or pork demand. The broader price implication is limited.
ncp.mysteel.comNov 9, 2026Not enough comparable past events yet for a historical read.
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.
