# After a 710-point rebound from the low, will hog futures reverse?

> Hog futures hit a year-low of 9,040 yuan/tonne intraday on November 5 and rebounded about 7.9% to around 9,725 yuan/tonne by November 11, while spot prices fell over the same period. The futures premium over spot widened to about 875 yuan/tonne as traders priced in a 2027 supply recovery. Breeding sow numbers have fallen for 14 months, but high slaughter weights and frozen pork inventories are expected to keep prices range-bound in the near term.

- Date: 2026-11-12 · published 2026-11-13T07:36:49.610Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/97416-after-a-710-point-rebound-from-the-low-will-hog-futures-reverse
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Futures are pricing a 2027 supply cut while current supply stays heavy, so feed demand from hog producers stays weak through Q4. A range-bound hog market keeps feed buyers' demand for corn and meal under pressure in the near term.

## Read by commodity

- HOGS: neutral

## Sources

- news.10jqka.com.cn: https://news.10jqka.com.cn/deep-topic/topic/dt_01M76KB40QHKYJR5AKP97FMTA2

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