# Hog Prices Hit a 10-Year Low as Investors Bet on a Turning Point in the Cycle

> China’s national live-hog price fell to 8.63 yuan per kilogram on November 9, its lowest level in a decade, as fourth-quarter seasonal demand failed to absorb ample supply. High slaughter weights, large frozen-pork inventories and weak consumption kept the market under pressure, while sustained industry losses and falling sow numbers fueled expectations of a future supply recovery.

- Date: 2026-11-09 · published 2026-11-09T15:08:46.840Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/89652-hog-prices-hit-a-10-year-low-as-investors-bet-on-a-turning-point-in-the-cycle
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Excess hog supplies and weak pork demand are bearish for Chinese hog prices and are deepening producer losses. Continued herd reductions could eventually tighten supply, but the article describes a prospective recovery rather than an immediate shift in the market.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Sources

- jwview.com: https://www.jwview.com/jingwei/html/11-10/696326.shtml
- jwview.com: https://www.jwview.com/jingwei/html/m/11-10/696326.shtml
- yicai.com: https://www.yicai.com/news/103433180.html

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