# SCIO briefing on promoting high-quality development: Ministry of Agriculture and Rural Affairs | english.scio.gov.cn

> China's Ministry of Agriculture and Rural Affairs said at a State Council Information Office briefing that H1 2024 output of pigs, cattle, sheep and poultry rose 0.6%, egg production 2.7% and milk 3.4% year on year. Hog farmers are profitable again at about 400 yuan per pig, while beef and fresh milk prices fell 12.1% and 12.5% and cattle farming is loss-making.

- Date: 2024-08-20 · published 2024-08-20T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/28749-scio-briefing-on-promoting-high-quality-development-ministry-of-agriculture-and
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Ample livestock supply and rising hog margins point to continued herd rebuilding in China, supporting feed demand, while low beef and milk prices weigh on cattle and dairy economics.

## Read by commodity

- HOGS: bearish ▼
- MILK: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-02-02 | [SCIO press conference on performance of agriculture and rural economy in 2023 \| english.scio.gov.cn](https://feedsoft.ai/events/31659-scio-press-conference-on-performance-of-agriculture-and-rural-economy-in-2023.md) | -1.7% | +11.1% |
| HOGS | 2022-03-23 | [Ministry of Agriculture and Rural Affairs of the People's Republic of China](https://feedsoft.ai/events/42288-ministry-of-agriculture-and-rural-affairs-of-the-people-s-republic-of-china.md) | +4.2% | +7.1% |
| HOGS | 2026-04-18 | [China agriculture minister urges pig breeders to reduce capacity as prices fall \| Reuters](https://feedsoft.ai/events/19720-china-agriculture-minister-urges-pig-breeders-to-reduce-capacity-as-prices-fall.md) | +1.4% | +3.3% |
| HOGS | 2020-07-14 | [Tight Chinese pork supply to ease by fourth quarter: agriculture official – China Economic Review](https://feedsoft.ai/events/52130-tight-chinese-pork-supply-to-ease-by-fourth-quarter-agriculture-official-china.md) | +8.0% | +13.6% |
| HOGS | 2019-11-23 | [China Focus: Pig farmers keen on expanding stock as China drums up pork production - Xinhua \| English.news.cn](https://feedsoft.ai/events/56061-china-focus-pig-farmers-keen-on-expanding-stock-as-china-drums-up-pork.md) | -2.8% | +6.8% |
| LCATTLE | 2023-12-19 | [US allows beef imports from Paraguay despite pushback from ranchers \| Agriculture Dive](https://feedsoft.ai/events/32620-us-allows-beef-imports-from-paraguay-despite-pushback-from-ranchers-agriculture.md) | +0.9% | +2.2% |
| LCATTLE | 2025-09-25 | [Rollins rules out payment program for building cattle herds \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/22809-rollins-rules-out-payment-program-for-building-cattle-herds-agri-pulse.md) | -1.7% | +1.6% |
| LCATTLE | 2025-11-14 | [Did the Administration's Plan to Lower Beef Prices Wreck the Bull Run in the Cattle Market? - Drovers](https://feedsoft.ai/events/6067-did-the-administration-s-plan-to-lower-beef-prices-wreck-the-bull-run-in-the.md) | -1.8% | +0.7% |

## Sources

- english.scio.gov.cn: http://english.scio.gov.cn/pressroom/2024-08/20/content_117377815_5.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.