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Huatai Securities said hog prices have hit new lows a second time, beyond what the market and industry expected, because supply and inventory pressure remain heavy while consumption is weak. It expects the fourth-quarter peak season to disappoint and cash losses for producers to deepen, which could accelerate sow culling.
Deeper losses that push farms to cull sows would eventually tighten hog supply and support feed demand later, but near-term weak hog prices reduce feed purchasing by Chinese producers.
gelonghui.comNov 13, 2026Not 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.
