# China Turns to Exporting Livestock Feed on Weak Domestic Demand | Financial Post

> China is exporting record quantities of soybean meal, with exports near 600,000 tons in the first four months of 2024, almost five times the prior year's level. The shipments reflect a shrinking hog herd and weak domestic pork demand, leaving local soymeal prices near three-year lows.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/30231-china-turns-to-exporting-livestock-feed-on-weak-domestic-demand-financial-post
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese soymeal exports add some supply to global markets, but they are small relative to Argentine and Brazilian exports of over 20 million tons each, so the price impact is limited while domestic weakness persists.

## Read by commodity

- SBM: bearish ▼
- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-12-02 | [China to cut U.S. soy imports after shipping delays clip export window \| Financial Post](https://feedsoft.ai/events/43629-china-to-cut-u-s-soy-imports-after-shipping-delays-clip-export-window-financial.md) | +2.0% | +13.8% |
| SBM | 2021-07-13 | [Global Soybean Trade Slows on Weaker China Demand \| Feed & Grain](https://feedsoft.ai/events/46110-global-soybean-trade-slows-on-weaker-china-demand-feed-and-grain.md) | +1.2% | +1.2% |
| SBM | 2022-11-07 | [Chinese Yuan Weakens Amid Contracting Exports, Imports on Struggling Demand](https://feedsoft.ai/events/6251-chinese-yuan-weakens-amid-contracting-exports-imports-on-struggling-demand.md) | -3.0% | +1.9% |
| SBM | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | +0.5% | -0.7% |
| SBM | 2022-01-14 | [China 2021 soybean imports slip 3.8% on falling margins, weak demand](https://feedsoft.ai/events/7370-china-2021-soybean-imports-slip-3-8-on-falling-margins-weak-demand.md) | -4.6% | +6.9% |
| SOY | 2019-02-12 | [Financial, forex trading to be muted on looming US-China trade deadline](https://feedsoft.ai/events/60863-financial-forex-trading-to-be-muted-on-looming-us-china-trade-deadline.md) | -0.5% | -2.2% |
| SOY | 2024-11-01 | [U.S. grains: Corn ticks up on export demand, easing harvest pressure - Grainews](https://feedsoft.ai/events/27421-u-s-grains-corn-ticks-up-on-export-demand-easing-harvest-pressure-grainews.md) | +3.4% | +0.7% |
| SOY | 2020-02-20 | [China Back in the Market for U.S. Farm Goods After Waivers \| Financial Post](https://feedsoft.ai/events/54480-china-back-in-the-market-for-u-s-farm-goods-after-waivers-financial-post.md) | -1.8% | -8.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-turns-to-exporting-livestock-feed-on-weak-domestic-demand

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