Hog Prices Surge to 11.06 Yuan/kg on July 6, Highest in Four Months

According to China Pig Industry data, hog prices hit 11.06 yuan per kilogram on July 6, climbing 1.59 yuan from 9.47 yuan on June 26—a 16.8% gain over 10 trading days and the highest level since March 2026. The rebound marks a significant shift after prices had remained below 10 yuan per kilogram for several months.

Analysts attribute the rally to short-term supply constraints, including reduced hog availability from delayed market exits due to industry losses, slower weight gains from summer heat in southern regions, and improved seasonal demand from hospitality and food service sectors. Multiple securities firms note that while the price recovery may improve market sentiment, broader industry recovery remains uncertain as breeding operations continue to post losses.