Spot Market Situation: Yesterday, the national live hog prices showed a predominantly downward trend. The supply of standard-weight hogs from the farming sector recovered, leading to relatively ample availability of hogs in the standard weight range. Slaughterhouses exhibited cautious purchasing behavior, and short-term prices lack sustained upward momentum.Futures Market Situation: On January 26, the main contract LH2603 of live hog futures on the Dalian Commodity Exchange (DCE) opened at Yuan 11,500 per tonne, closed at Yuan 11,465 per tonne, down Yuan 115 per tonne, representing a decline of 0.99%. The highest price reached Yuan 11,530 per tonne, while the lowest was Yuan 11,440 per tonne. The settlement price was Yuan 11,480 per tonne, with a total trading volume of 53,202 lots and open interest of 133,844 lots.This morning, hog prices were primarily weaker in the north and stable in the south. Following the relatively strong price adjustments over the weekend, terminal accept