1, Pig prices continue to fall, reaching their lowest level in nearly 6-plus months
Based on pig price data from 27 provinces in China, the Dachumu editorial team calculated that the national average pig price on 2026 year 11 month 5 day was 4.40 yuan per jin, down 0.04 yuan from yesterday, a decrease of 1.05%, reaching the lowest price in nearly 203 days, or the lowest price in nearly 6-plus months;
It was only 0.05 yuan above this year’s low of 4.35 yuan in 4 month, an increase of 1.2%, and was still far below the same period in 2022-2024, the past 3 years, and closest to the same period in 2025.
Wens Foodstuff Group stated during an investor relations event that capacity reduction in this cycle has been more thorough. Some farming companies that had been taking chances and were under considerable financial pressure will face survival challenges and accelerate their exit. Capacity reduction is currently expected to be more complete, and hog prices next year may perform better than previously expected. In the past, various industry data agencies and futures market prices failed to accurately forecast the trend in hog prices during this cycle. The specific peak cannot be precisely estimated, but the view that capacity reduction has been more thorough may support a more optimistic outlook for next year.
2, most continued to fall
Looking at the overall situation across China's 27 provinces, most provinces continued to fall. A total of 23 provinces saw declines, 4 more than yesterday. All areas in East China, North China, Northeast China, and Northwest China saw declines, each of 0.1 yuan. No province has seen an increase for 2 consecutive days.
A total of 25 provinces nationwide have fully entered the 4-yuan era. Only Guangdong and Fujian, 2 provinces, remain in the 5-yuan range, unchanged from yesterday.
By province, Guangdong fell to 5.4 yuan, the highest nationwide, followed by Fujian at 5.0 yuan, while Guizhou fell to 4.1 yuan, the lowest nationwide. The difference between the highest and lowest prices nationwide was 1.3 yuan.
3, the National Development and Reform Commission releases information on hog prices and the hog-to-grain price ratio for the 2026 year, 10 month, week 4
Recently, the Price Monitoring Center of the National Development and Reform Commission released an analysis of the hog-to-grain price ratio and hog prices for the 2026 year, 10 month, week 4,
The national hog price this week was 9.97 yuan/kg, down 3.20% week on week. It declined week on week for 8 consecutive weeks and fell below the 10-yuan mark, reaching its lowest level in nearly 4 months;
The corn price was 2.36 yuan/kg, down 0.84% week on week, tying its lowest level in nearly 7 months;
The hog-to-corn price ratio was 4.22, down 2.54% week on week. It declined week on week for 5 consecutive weeks, falling to approximately its lowest level in nearly 4 months.
4, National Bureau of Statistics: Hog prices fell 5.1% week on week in the second half of 10
According to monitoring by the National Bureau of Statistics of market prices for 50 types of important means of production in 9 major categories in circulation nationwide, compared with mid-10, prices in late 10 2026 rose for 17 products, fell for 28 products, and remained unchanged for 5 products.
Among them, the price of live pigs (three-way crossbred) was 9.3 yuan/kg, down 0.5 yuan month on month, a decrease of 5.1%, falling to its lowest price in nearly 6 months.