Chinese listed hog producers reported mixed October sales volumes, while reported hog prices generally fell 6%–10% month over month to about 9.5–9.8 yuan per kilogram. Producers remain deeply loss-making; data cited by analysts show breeding-sow inventories have declined for nine consecutive months, with the October drop accelerating, and some analysts expect herd reductions to pick up if losses persist.
Continued losses and sow liquidation could eventually reduce hog and pork supply, supporting live-hog prices, though the near-term market remains well supplied and prices weak. Lower hog prices also weigh on feed demand as producers cut or delay production.
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