# Pig cycle trough? Hog prices fall below 9 yuan as institutions add positions; fund holdings up 36% quarter on quarter

> Chinese hog prices fell below 9 yuan per kg, with the live hog index at 8.68 yuan on November 12, down 27% year on year. Sow herd reduction continued in October, with the national breeding sow inventory at 3.602 million head, below the 3.75 million normal level. Fund holdings in agricultural stocks rose 36% in Q3.

- Date: 2026-11-12 · published 2026-11-12T12:15:17.838Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/95455-pig-cycle-trough-hog-prices-fall-below-9-yuan-as-institutions-add-positions
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower hog prices and falling sow numbers reduce pork supply expectations and cut demand for feed in the medium term, which is bearish for feed grains and meal demand in China until herd reduction shows up in slaughter.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bearish ▼

## Sources

- jiemian.com: https://www.jiemian.com/article/15326264.html

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