According to Sina Finance, since late October, the price of 7-kilogram piglets has rebounded from its decline. As of November 7, the national average price for 7-kilogram piglets has climbed to 207.19 yuan per head, marking an increase of 41.52 yuan per head compared to mid-October—a 25.06% rise. This rebound stems from demand stimulation driven by recovering hog prices. Considering the current market landscape, prices for 7-kg piglets are expected to maintain modest upward momentum over the next 1-2 months.

Prices for 7-kg piglets halted their decline and rebounded over the past fortnight, surging 25.06%.

The domestic market for 7-kg piglets recently reached a pivotal turning point. Since late October, it has reversed the sustained downward trend in piglet prices that began in mid-July. The market has now entered a rebound phase, with gains exceeding market expectations. This price recovery stems partly from improved restocking sentiment driven by rising hog prices, and partly from breeding groups holding back sales due to losses, increasing retention rates and reducing market supply—thus bolstering prices.

Hog Price Recovery Boosts Downstream Restocking Sentiment

Since mid-October, hog prices have followed a pattern of rising before falling. Small-scale farmers took advantage of lower prices to restock for secondary fattening, reducing the supply of standard hogs. Concurrently, breeding operations completed their slaughter schedules relatively quickly. With the peak pressure of capacity expansion now passed, breeders also demonstrated a willingness to support prices, leading to an upward trend in hog prices. The recovery in hog prices has improved restocking sentiment among farmers, who are no longer cautious about purchasing piglets. Increased piglet transaction volumes have boosted piglet prices.

Facing losses from piglet sales, breeding groups increased their retention rates, which was favorable for piglet prices.

Affected by the continuous decline in piglet prices during the third quarter, major domestic hog breeding groups generally faced losses when selling piglets. Some enterprises incurred a cost-price difference of RMB60-80 per piglet sold. To mitigate losses, breeding groups have increasingly held back sales since late October, adjusting strategies by: reducing piglet shipments, increasing retention for future fattening, converting piglets into fattening pigs, and extending production cycles to await higher hog prices. This directly reduced market piglet supply. With demand rising and supply tightening, piglet prices have further climbed.

Piglet prices may see further modest increases over the next 1-2 months

From the demand side, planned hog shipments in November decreased by 4.95% month-on-month. Additionally, there remains demand for restocking at lower prices. Since the Spring Festival falls in February 2026, pigs restocked now can reach market weight before the holiday. Overall, hog prices still have room to rise, which will further support piglet procurement demand and provide sustained support for piglet prices.

On the supply side, the reluctance to sell among large-scale breeding farms due to losses is unlikely to ease completely in the short term. Most breeding groups still maintain self-retaining plans, making it difficult to fundamentally alter the situation of reduced piglet supply in the near future.

As an integrated internet platform providing benchmark prices, on November 12, the benchmark price of live pigs on SunSirs was 12.02RMB/kg, a decrease of 3.3% compared with the beginning of the month (12.43 RMB/kg).

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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