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China’s national pig-to-feed price ratio was 3.72 in the fifth week of October 2026, remaining below the level associated with profitable farming. Weak hog prices and elevated feed costs continued to squeeze producer margins, while consumer demand ahead of the holidays was weaker than expected.
Persistently poor margins may constrain hog producers’ willingness to expand production and feed use, while high feed costs continue to pressure livestock profitability. The report also notes that expected price relief from new-crop supplies had not yet fully materialized.
xinmunet.com新猪派ZZKNov 11, 2026xinmunet.com新猪派ZZKNov 11, 2026After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
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.
