# Genesus Global Market Report – China, August 2024 – True North Genetics

> Genesus reports China slaughter pig prices reached 20.66 yuan/kg as of August 5, 2024, up from a 2024 low of 11.98 yuan/kg in March. Producers are profitable again at an estimated $100-$115 per head, and industry insiders expect prices to keep rising through year-end. Many smaller farms remain idle while larger, newer facilities run at up to 80% capacity.

- Date: 2024-08-19 · published 2024-08-19T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/28752-genesus-global-market-report-china-august-2024-true-north-genetics
- 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

A tight Chinese pig supply and rising hog profitability support herd rebuilding and stronger demand for feed grains and meal, supporting prices for corn and soymeal imports.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲

## Sources

- genesus.com: https://genesus.com/genesus-global-market-report-china-august-2024/

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