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China’s breeding-sow herd declined for a ninth consecutive month as hog producers continued to incur losses. Brokerages expect capacity reductions to accelerate into the first half of 2027 if losses persist, with farmers increasingly willing to cull sows.
Further sow liquidation could eventually reduce pork production and support hog prices, while near-term herd contraction lowers feed demand, particularly for corn and soybean meal.
efeedlink.comeFeedLink NewsdeskNov 10, 2026After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), 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.
