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China's national average hog price fell to 10.11 yuan/kg in the first week of November, down 2.9% week on week and 20.5% year on year, with all 30 monitored provinces declining. Spot hog prices have dropped to about 8.6 yuan/kg by November 13, and farmers' losses per head are estimated at about 383 yuan.
Soymeal spot prices fell to about 3,110 yuan/ton by November 10, roughly 10.6% below the mid-September peak, while corn also weakened.
Lower feed ingredient prices only partly offset the sharp fall in hog prices, so producers face deep losses and are restocking piglets cautiously, which points to weaker feed demand. Soymeal and corn are under mild bearish pressure in China while the hog cycle stays weak.
sohu.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.
