# Live Hog Futures Extend Rebound; Tianbang Food Shares Hit Limit-Up as Breeding Sow Herd Falls Below Normal Levels

> China’s live hog futures rose more than 2% on November 9, extending a rebound from a November 5 contract low. The article reports that breeding sow numbers fell to 36.02 million at the end of the third quarter, below the 37.5 million normal-retention level, and declined for a ninth consecutive month in October; it cautions that the futures rebound does not yet confirm a market turning point.

- Date: 2026-11-09 · published 2026-11-09T09:18:30.422Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/89237-live-hog-futures-extend-rebound-tianbang-food-shares-hit-limit-up-as-breeding
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A shrinking breeding herd points to tighter future hog supplies and could support hog prices, while lower production would reduce demand for feed grains and meal. Current low spot prices and continued marketing pressure mean the extent and timing of any recovery remain uncertain.

## 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 | 2017-06-30 | [Hog Futures Extend Rally After Inventory Report \| Fox Business](https://feedsoft.ai/events/70644-hog-futures-extend-rally-after-inventory-report-fox-business.md) | +1.5% | -6.0% |
| HOGS | 2025-09-29 | [US hog futures hit records on tighter herd supplies - CME
						 \| The Pig Site](https://feedsoft.ai/events/23028-us-hog-futures-hit-records-on-tighter-herd-supplies-cme-the-pig-site.md) | -2.4% | -15.1% |
| HOGS | 2026-06-30 | [Daily Livestock Report June 30, 2026: Hog Breeding Herd Analysis](https://feedsoft.ai/events/18780-daily-livestock-report-june-30-2026-hog-breeding-herd-analysis.md) | +0.3% | +8.4% |
| HOGS | 2021-07-13 | [U.S. livestock: Hog futures rise as pork production estimates cut - AgCanada](https://feedsoft.ai/events/46233-u-s-livestock-hog-futures-rise-as-pork-production-estimates-cut-agcanada.md) | -2.4% | -1.8% |
| CORN | 2026-06-30 | [Daily Livestock Report June 30, 2026: Hog Breeding Herd Analysis](https://feedsoft.ai/events/18780-daily-livestock-report-june-30-2026-hog-breeding-herd-analysis.md) | +5.7% | +8.7% |
| CORN | 2022-06-30 | [Soybeans rebound after USDA pegs U.S. acres below expectations \| Financial Post](https://feedsoft.ai/events/40972-soybeans-rebound-after-usda-pegs-u-s-acres-below-expectations-financial-post.md) | +1.0% | -16.7% |
| CORN | 2021-06-17 | [Live cattle, hogs sharply lower heading into Friday - Brownfield Ag News](https://feedsoft.ai/events/6260-live-cattle-hogs-sharply-lower-heading-into-friday-brownfield-ag-news.md) | -2.4% | +2.5% |

## Sources

- sfccn.com: https://www.sfccn.com/2026/11-9/wNMDE1MjBfMjI5ODYwNA.html

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