Core Viewpoint - In early October, pig prices continued to decline, but with the drop in temperature, demand for heavier pigs increased, leading to a slowdown in the pace of pig sales. This was followed by a rebound in prices in mid to late October due to increased demand and reduced supply pressure [1][3]. Price Trends - The national average price of external three yuan pigs dropped from 12.14 yuan/kg on September 30 to a low of 10.72 yuan/kg on October 13, before rebounding to 12.07 yuan/kg by October 27, marking the first time in October that the average price exceeded 12 yuan/kg [1][3]. Supply and Demand Dynamics - As temperatures fell in mid to late October, terminal pork demand increased, leading to higher procurement needs from slaughterhouses. The planned pig sales from 228 monitored breeding enterprises increased by 7.32% month-on-month, but actual supply growth was less than expected due to farmers holding back pigs for weight gain [3][5]. - The average weight of pigs traded rose from 123.60 kg on August 28 to 124.75 kg on October 23, reflecting a cumulative increase of 1.15 kg. This was influenced by earlier declines in breeding profitability and a low price difference between fat and standard pigs [3][5]. Weight and Supply Adjustments - The average slaughter weight of pigs approached 125 kg in October, driven by increased demand for heavier pigs from slaughterhouses. This resulted in a tighter supply of suitable pigs for slaughter, supporting the price rebound in late October [5][6]. - The weekly sales of pigs for secondary fattening surged from 7,908 heads in the week of September 12 to 48,939 heads in the week of October 17, marking an increase of 518.85% [5][6]. Future Market Outlook - Looking ahead to November, the demand for heavier pigs is expected to remain strong, but supply is anticipated to increase due to a higher number of weaned piglets and the entry of fattened pigs into the market. However, demand support may be limited, leading to a forecasted price range of 11.7 to 12.5 yuan/kg with potential downward risks in the latter half of the month [8][9].