# Hog cycle bottoming out: will hog ETFs rise first? Which of the three indices is the 'purest'?

> On November 13, livestock stocks rose against a broad market decline, with several hog-sector ETFs gaining over 2%. Hog prices fell to 8.60 yuan per kg, a year-to-date low below cash costs, with the hog-to-grain ratio under 5:1.

- Date: 2026-11-13 · published 2026-11-14T06:13:28.764Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/99065-hog-cycle-bottoming-out-will-hog-etfs-rise-first-which-of-the-three-indices-is
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Low hog prices and losses signal sow herd reduction that could support prices later. Near term, depressed hog margins keep feed demand from hog producers subdued.

## Read by commodity

- HOGS: neutral

## Sources

- finance.sina.com.cn: https://finance.sina.com.cn/jjxw/2026-11-13/doc-iniyqwtz3607928.shtml

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