# National Pig-to-Feed Price Ratio for the Fifth Week of October 2026

> 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.

- Date: 2026-11-11 · published 2026-11-11T18:20:03.310Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/93896-national-pig-to-feed-price-ratio-for-the-fifth-week-of-october-2026
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-10-01 | [After the Bell \| October 1, 2021 - Pro Farmer](https://feedsoft.ai/events/11318-after-the-bell-october-1-2021-pro-farmer.md) | +0.7% | +3.7% |
| CORN | 2021-10-18 | [Wheat prices rose sharply after the release of the October USDA report](https://feedsoft.ai/events/44584-wheat-prices-rose-sharply-after-the-release-of-the-october-usda-report.md) | +1.5% | +13.0% |
| CORN | 2026-10-29 | [NASS Correction Shrinks the Reported September-to-October Corn Jump by About 12% as Growers Press USDA for Process Fixes](https://feedsoft.ai/events/1981-nass-correction-shrinks-the-reported-september-to-october-corn-jump-by-about-12.md) | -1.5% | — |
| CORN | 2020-10-29 | [Grain Transportation Report, October 29, 2020](https://feedsoft.ai/events/12438-grain-transportation-report-october-29-2020.md) | -0.2% | +8.5% |
| CORN | 2026-08-31 | [Soybean ratings fall for fourth straight week - Pro Farmer](https://feedsoft.ai/events/12968-soybean-ratings-fall-for-fourth-straight-week-pro-farmer.md) | -0.3% | +2.6% |
| SBM | 2026-08-31 | [Soybean ratings fall for fourth straight week - Pro Farmer](https://feedsoft.ai/events/12968-soybean-ratings-fall-for-fourth-straight-week-pro-farmer.md) | +2.5% | +10.3% |
| SBM | 2020-11-30 | [Projections for feed prices up sharply: USDA](https://feedsoft.ai/events/50233-projections-for-feed-prices-up-sharply-usda.md) | -2.4% | +4.2% |
| SBM | 2017-04-27 | [National Organic Grain and Feedstuffs: April 26 - AgCanada](https://feedsoft.ai/events/8221-national-organic-grain-and-feedstuffs-april-26-agcanada.md) | +1.6% | -1.0% |

## Sources

- xinmunet.com: https://www.xinmunet.com/2026/88066.html
- xinmunet.com: https://www.xinmunet.com/2026/88071.html

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