# Continued losses in hog farming weigh on demand as soybean meal futures keep probing for a bottom

> China’s soybean meal futures were weak on November 10, with the main contract down 0.16% at 3,087 yuan at midday. Hog producers remained unprofitable, feed buyers were purchasing mainly for immediate needs, and high soybean meal inventories and strong arrivals added pressure, while US soybean purchases limited declines in soybean costs.

- Date: 2026-11-10 · published 2026-11-10T13:37:19.157Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/91843-continued-losses-in-hog-farming-weigh-on-demand-as-soybean-meal-futures-keep
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Loss-making hog production and cautious feed buying restrain soybean meal demand, while high domestic stocks increase near-term selling pressure. This is a routine market update rather than a new supply shock.

## Read by commodity

- SBM: bearish ▼

## Sources

- 18qh.com: https://www.18qh.com/zixun/c-2026-11-10-4501071.html

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