# Chinese pig price rises unexpectedly - Pig Analysis | Boerenbusiness. Nl

> Chinese pig prices have trended upward for several weeks after a government-directed reduction in the sow herd target from 41 million to 39 million. The Chinese sow herd is now just under 40 million, and the number of pigs fell 4.9% from October 2023 to March 2024.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/30230-chinese-pig-price-rises-unexpectedly-pig-analysis-boerenbusiness-nl
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A shrinking Chinese hog herd reduces feed demand over time, which is bearish for soybean meal and corn imports, while firmer hog prices may eventually support more feeding later.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-09-29 | [Chinese pig prices rise as Beijing shutters polluting farms](https://feedsoft.ai/events/68941-chinese-pig-prices-rise-as-beijing-shutters-polluting-farms.md) | +5.3% | +16.7% |
| HOGS | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | +6.1% | +4.3% |
| HOGS | 2024-03-04 | [China tries to stabilise pig population as pork prices plunge](https://feedsoft.ai/events/31188-china-tries-to-stabilise-pig-population-as-pork-prices-plunge.md) | -1.7% | +0.9% |
| HOGS | 2025-06-18 | [Reaping of the sow: China to reduce pig count by 1 million amid low prices, deflation risk \| South China Morning Post](https://feedsoft.ai/events/24183-reaping-of-the-sow-china-to-reduce-pig-count-by-1-million-amid-low-prices.md) | +2.3% | -2.7% |
| HOGS | 2021-08-04 | [China intervenes to manage commodity prices \| Reuters](https://feedsoft.ai/events/45860-china-intervenes-to-manage-commodity-prices-reuters.md) | +0.3% | -12.4% |
| SBM | 2017-09-29 | [Chinese pig prices rise as Beijing shutters polluting farms](https://feedsoft.ai/events/68941-chinese-pig-prices-rise-as-beijing-shutters-polluting-farms.md) | +2.0% | +1.7% |
| SBM | 2024-01-23 | [China to Encourage Hog Farmers to Reduce Capacity After Price Slump - Pork Business](https://feedsoft.ai/events/32125-china-to-encourage-hog-farmers-to-reduce-capacity-after-price-slump-pork.md) | -0.4% | -3.4% |
| SBM | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | -3.5% | -8.8% |

## Sources

- en.boerenbusiness.nl: https://en.boerenbusiness.nl/varkens/artikel/10909147/chinese-varkensprijs-trekt-onverwacht-hard-aan

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