Huatai Securities said China’s average live hog price fell to 8.6 yuan per kilogram by November 9, below the previous low in the current cycle. It attributed the decline to high supply and inventory pressure alongside weak consumer demand, and said deeper losses could speed sow-capacity reductions.
Continued losses may lead producers to reduce breeding capacity, potentially tightening hog supply and supporting prices later; in the near term, abundant supply and weak demand remain bearish for hogs.
Not enough comparable past events yet for a historical read.
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.