China hog prices fall 5.1% in late October vs. mid-October

The mid-to-late October decline in hog prices stands out against a broader basket where most tracked materials also fell, suggesting softness beyond a single market rather than an isolated hog-sector move. For producers and processors, the direction of the live hog quote matters most because it feeds directly into margins and procurement decisions. Whether the monthly decline extends into the next reporting period, and whether the broader list of declining materials keeps outweighing gainers, is the open question worth tracking.