According to monitoring data from 猪好多, the national live hog market weakened again on 2026年10月27日. Hog prices continued to fall in many parts of the country, further undermining market confidence. Meanwhile, piglet sales have hit a low point, with unsold supply and sluggish transactions becoming the norm in many areas.
Across the country, price cuts spread across major hog-producing regions, putting both northern and southern markets under pressure. Although prices held relatively steady in some local areas, few regions saw an overall increase. The industry has endured losses for a long time, and many small and medium-sized farmers are facing greater financial pressure. To bring in cash, they are proactively speeding up the pace of sending hogs to market. The supply of standard-weight hogs remains ample, continuing to weigh on prices.
The piglet market is even quieter than the live hog market. Piglet prices are continuing to slide, farmers have little appetite for restocking, and piglets are moving very slowly. The reason is that farmers are generally pessimistic about the market outlook and worry that they will still incur losses after raising restocked piglets to market weight, so they are reluctant to try to buy at the bottom. Slow piglet sales also reflect the industry's cautious view of the short-term market, with a strong wait-and-see sentiment.
From a supply-and-demand fundamentals perspective, the conditions for a short-term rebound remain insufficient. Although the breeding sow inventory continued to decline at the end of the third quarter to 3602 ten thousand head, falling below the regulatory benchmark for the first time, and capacity reduction has continued, the supply inertia caused by the previously high inventory is still being felt, making it difficult to quickly ease short-term pressure on hog supplies. End-consumer demand also remains subdued, while frozen pork inventories remain high, further limiting the potential for hog prices to rise.
Taking the overall market situation into account, the window for a genuine rebound in hog prices has not yet arrived. For hog prices to stabilize and recover, sustained supply contraction must coincide with a recovery in consumption. Going forward, closely monitor the pace of sales from large-scale hog farms, the movement of frozen pork out of storage, and progress in reducing the breeding sow inventory. Take a measured view of the cyclical bottom, and do not let minor short-term fluctuations disrupt your farming plans.
We would also like to remind all hog farmers that winter is approaching, and the incidence of diseases may rise. Be sure to strengthen biosecurity and control costs. Do not gamble blindly on a rebound or follow others in holding hogs back from sale; wait patiently for supply and demand conditions to improve.