# WH Group sees China’s pig prices dropping amid weak pork demand

> WH Group said China's pig prices are expected to fall in H2 2024 as supplies remain ample and pork demand stays sluggish. Hog prices have risen about 40% since early May, buoyed by herd reductions and farmers holding back pigs, a practice that will shrink later this year. WH Group reported first-half net income of $784 million, up from $420 million.

- Date: 2024-08-13 · published 2024-08-13T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/28750-wh-group-sees-china-s-pig-prices-dropping-amid-weak-pork-demand
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected Chinese hog price declines and weaker pork demand would reduce hog-farm margins and could slow feed purchases, pressuring corn and soymeal demand from China.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2024-08-14 | 1 | -7.9% | -13.3 | WH Group, the world's largest pork producer, forecast falling China pig prices on ample supply and weak demand, which is a bearish global pork sentiment signal that could pressure lean hog futures. |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/wh-group-sees-china-s-pig-prices-dropping-amid-weak-pork-demand

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