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As of November 11, live hog prices averaged 8.53 yuan/kg, down 0.5 yuan/kg from the end of the previous month, and frozen pork inventories remain high. Large farms plan to increase November marketings, and piglet restocking sentiment is weak.
The 2026 third-quarter end sow herd was 36.02 million head, down 10.7% year on year.
Heavy hog supply and weak restocking keep Chinese hog prices and related feed demand under pressure, while expectations of a cured-meat season offer only limited support.
Not 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.