Pig prices on the 10th of 24: Hog prices have completely “collapsed”! Piglet prices have followed suit, hitting “rock bottom”

In late 10, the hog market underwent another sharp adjustment, with prices continuing to fall and pessimism spreading throughout the industry. Prices weakened not only for market hogs, but piglet prices also fell to rock bottom. Both upstream and downstream segments of the industry are now suffering heavy losses, and many farmers are facing sharply increased pressure.

According to monitoring data from Zhuhǎo Duō, the national average price of three-way crossbred live hogs on 24 10 2026 was 9.53 yuan/kg, down 0.10 yuan/kg from the previous day. Prices continued to fall in most producing regions, with the downturn particularly pronounced in the main northern producing areas. Hog prices in many places struggled below 10 yuan/kg.

Even more concerning, piglet prices also plunged. The price of currently 7-kg weaned piglets fell sharply, and in some areas, weak piglets even dropped below the one-hundred-yuan threshold. The steep drop in piglet prices does not mean the time has come to buy at the bottom. Rather, it reflects extreme caution among livestock farmers about the market outlook and serves as an important signal for future market conditions.

Given current market conditions, piglet prices are now well below breeding farm costs. Breeding farms are also losing money on every piglet sold, and many are choosing to actively sell off piglets and slow down breeding, further accelerating the clearing of excess capacity in the industry.

Considering the current market supply and demand, pressure from the concentrated release of live hogs will persist in the short term. Hog prices are unlikely to reverse quickly; any rebound will most likely be temporary and modest, with little chance of a substantial, sustained rise.

For pig farmers, the top priority remains stability. Do not blindly hold hogs back from sale or engage in secondary fattening. Small-scale farmers with tight funds and average disease prevention conditions should avoid blindly buying piglets to restock just because prices are low. Large-scale pig farms should manage cash flow, continue culling low-efficiency sows, and optimize herd structure. The bottoming-out phase of the hog cycle is often prolonged; capacity reduction needs to continue for some time before supply and demand gradually improve.