Weak consumer demand and limited room for pig prices to rebound

Thursday, 2026 year, 10 month, 29 day, according to China Pig NetworkPig Price SystemMonitoring, nationwideExternal three-wayThe average price was 9.27 yuan/kg. The hog price fell by 0.06 yuan/kg compared with yesterday (9.33 yuan/kg), and by 0.9 yuan/kg compared with last month (10.17 yuan/kg).

　　Regarding other hog varieties, hogsIndigenous three-way crossbreedThe average price is 9.86 yuan/kg, down by 0.06 yuan/kg compared with yesterday (9.92 yuan/kg); live pigsCrossbred pigThe average price is 9.33 yuan/kg, up 0.02 yuan/kg from yesterday (9.31 yuan/kg).

　　Nationwideout of the three external,domestic ternary,local mixed-breed pigsPrices are showing an overall trend of fluctuating toward stability. See the analysis below for specific price changes!

2026 year 10 month 23 day-2026 year 10 month 29 day (7 days)Three-way crossbred pigAverage price trend chart

Today's selected provinces/municipalities/autonomous regionsExternal three-way crossbred,three-way crossbred,crossbred pigAverage price:

　　1,Three-way crossbred pigsBy region: Jiangxi Province 9.19 yuan/kg, Qinghai Province 9.19 yuan/kg, Henan Province 9.23 yuan/kg, Beijing 9.13 yuan/kg, Guangdong Province 10.62 yuan/kg, Jilin Province 9.16 yuan/kg, Yunnan Province 9.14 yuan/kg;

　　2,Three-way crossbredRegions: Fujian Province 12.00 yuan/kg, Gansu Province 10.80 yuan/kg, Hunan Province 10.35 yuan/kg, Inner Mongolia Autonomous Region 9.20 yuan/kg, Guangxi Zhuang Autonomous Region 10.30 yuan/kg, Heilongjiang Province 9.55 yuan/kg, and Guizhou Province 11.00 yuan/kg;

　　3,Local crossbred pigsBy region: Shanghai 10.00 yuan/kg, Shaanxi Province 8.90 yuan/kg, Hubei Province 9.30 yuan/kg, Beijing 10.00 yuan/kg, Hainan Province 9.00 yuan/kg, Liaoning Province 9.13 yuan/kg, Chongqing 11.00 yuan/kg;

　　TodayExterior three-wayBrief analysis of pig price trends:

　　According to “2026-10-29 - pig prices ( Three-way crossbred pigs) average price increase/decrease table” shows that todayNational hog pricesThe weak downward trend continued. At the end of the month, the market did not see the anticipated uptick; instead, prices generally drifted lower. Overall, the trend shows that hogPig pricesPrices continued to fall, with significantly more regions seeing declines than stability. The price gap between the north and south widened further, and overall market sentiment was pessimistic. The core contradiction driving the current trend is structural oversupply on the supply side. Although the inventory of breeding sows has fallen below the normal level, improved farming efficiency and higher market weights mean that the actual supply of pork has not contracted accordingly. Hogs held back from slaughter and those from secondary fattening in the earlier period have been released in concentrated volumes recently. Combined with large-scale farming companies lowering prices to move volume at month-end, this has sharply increased short-term supply pressure. Meanwhile, end-consumer demand has been weak to follow through, sales of white pork have been slow, and slaughtering companies have shown little willingness to buy, instead pressing prices down along with the market. The loose supply-demand balance continues to weigh on pig prices. Looking ahead, pig prices are likely to continue fluctuating near the bottom of their range in the short term, with little clear upward momentum. Although the start of southern China’s demand for cured meat in mid-to-late 11 may provide a temporary boost, the current supply inventory remains high, so the scope for a rebound is expected to be limited. A genuine trend reversal will still depend on the effects of earlier capacity reductions gradually reaching the marketing stage; only then is a substantial improvement in the supply-demand balance likely.

　　(Note: This article was writtenPig pricesand the pig price specifically refers to livepig prices, not the pork price in the consumer market,three-way crossbred pigs,domestic three-way crossbred,local mixed-breed pigsThen it is a pig breed.)