1, Pig prices edge up
Based on pig price data from 27 provinces in China, the editor of Big Livestock calculated that the national average pig price on 2026 year 11 month 12 day was 4.28 yuan per jin, up 0.01 yuan from yesterday, a rise of 0.26%, reaching the highest level in nearly 6 days;
This was still 0.07 yuan below the low of 4.35 yuan in 4 month this year, a decline of 1.45%, far below the same period in 2022-2024 over these 3 years, and closest only to the same period in 2025.
2; more provinces saw increases
Looking at the overall situation across the 27 provinces in China, prices rose in 12 provinces, an increase of 6 provinces compared with yesterday. Prices also fell in 5 provinces, an increase of 1 provinces compared with yesterday. Both the increases and decreases were 0.1 yuan.
Nationwide, all prices fell below the 5 yuan threshold, while in Guizhou 1 Province, all prices also fell below the 4 yuan threshold.
By province, Guangdong fell to 4.9 yuan, the highest in the country, followed by Fujian, which fell to 4.7 yuan. Guizhou had the lowest price nationwide at 3.9 yuan, a difference of 1.0 yuan between the highest and lowest prices in the country.
3, the National Development and Reform Commission releases hog prices and the hog-to-grain price ratio for week 1 of 2026/11
The Price Monitoring Center of the National Development and Reform Commission released its analysis of the hog-to-grain price ratio and hog prices for week 1 of 11, 2026,
This week, the national live pig price was 9.61 yuan/kg, down 3.61% week on week. It has declined week on week for 9 consecutive weeks, reaching its lowest price in more than 6 months;
The price of corn is 2.36 yuan per kilogram, unchanged from last week and tied for the lowest price in nearly 8 months;
The hog-to-grain price ratio was 4.07, down 3.55% month on month. It declined month on month for 6 consecutive weeks, reaching its lowest level in more than 4 months.
Based on current prices and costs, pig farming is expected to incur a loss of 383.04 yuan per head. Losses have continued for more than 15 months, and the loss margin has widened for 6 consecutive weeks.
Sales of live pigs by 4 and 21 listed pig companies in 2026 year 10 month
Muyuan, Wens, New Hope, and other 21 listed hog companies released their hog sales figures for 2026 year 10 month. Total hog sales in 10 month were approximately 1568 ten thousand head, with year-on-year and month-on-month changes split between increases and decreases.
Among them, Muyuan, New Hope Liuhe, Juxing, Da Bei Nong, Jinxinnong, and Yisheng6 saw a decrease in hog sales in 10 month both year over year and month over month.
Zhengbang, Shennong, Tiankang, Aonong, Kemen, and Zhenghong 6 companies' hog sales in 10 month increased year-on-year and month-on-month.
The total hog sales volume of 21 listed pig farming companies from 2026 to 1-10 was 1.59 hundred million head. Only Zhenghong recorded a year-on-year decrease; the other 20 companies still posted year-on-year growth, although most saw their growth rates decline.
18 listed pig farming companies announced that their total revenue from live pigs in 10 amounted to 168.4 billion yuan, with month-on-month changes split between increases and decreases, while year-on-year changes were mainly decreases;
In the first 10 months, cumulative hog revenue was generally lower year over year, with Shennong, Tianyu, and Yisheng reporting year-over-year growth; all others declined year over year.
In 10 month, listed pig companies’ average sales prices for commercial pigs fell year on year and month on month. Most fell below 10 yuan/kg; among them, Tian Kang fell below 9 yuan/kg, while Dong Rui remained above 11 yuan/kg.