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China's Ministry of Agriculture reported that in the first week of November, average corn and soybean meal prices fell 0.4% and 0.6% week over week, respectively. Pig and pork prices also declined, while egg, cattle, sheep, and fresh milk prices rose; poultry feed prices were unchanged and hog feed prices edged lower.
Lower corn and soybean meal prices ease feed costs for Chinese livestock producers, while falling hog prices point to weak livestock-market conditions and potentially subdued feed demand. The data indicate a modestly bearish signal for feed grains and meal.
xmsyj.moa.gov.cnNov 11, 2026After 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.
After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
