# China pork market update: Challenges of 2023 to roll into 2024 | AHDB

> China's 2023 pork output rose 5% year on year to 57.94 million tonnes on higher slaughter and culling. The agriculture ministry cut the national sow target to 39 million from 41 million, and sow numbers are reported down 5-7% year on year. USDA expects the total Chinese pig population to fall 6% in 2024.

- Date: 2024-03-06 · published 2024-03-06T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/31186-china-pork-market-update-challenges-of-2023-to-roll-into-2024-ahdb
- 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 contracting pig herd would tighten Chinese meat supply and eventually reduce feed demand, though liveweight prices are still below production costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-06-26 | [China pork imports forecast to set record in 2020 \| Feed Strategy](https://feedsoft.ai/events/52602-china-pork-imports-forecast-to-set-record-in-2020-feed-strategy.md) | -2.5% | +10.8% |
| HOGS | 2022-12-27 | [Hog Market Update: December 2022](https://feedsoft.ai/events/7010-hog-market-update-december-2022.md) | -0.2% | -8.2% |
| HOGS | 2020-01-17 | [China's 2019 pork output plunges to 16-year low as disease culls herd](https://feedsoft.ai/events/54965-china-s-2019-pork-output-plunges-to-16-year-low-as-disease-culls-herd.md) | +2.2% | -11.6% |
| HOGS | 2025-03-18 | [China's pig production expected to grow marginally in 2025](https://feedsoft.ai/events/25575-china-s-pig-production-expected-to-grow-marginally-in-2025.md) | -1.6% | -3.0% |
| HOGS | 2022-09-06 | [China’s pork industry sees new cycle \| MEAT+POULTRY](https://feedsoft.ai/events/39573-china-s-pork-industry-sees-new-cycle-meat-poultry.md) | -1.1% | -4.9% |
| SBM | 2025-01-20 | [Market Update for Rapeseed & Canola 20th of January 2025](https://feedsoft.ai/events/26602-market-update-for-rapeseed-and-canola-20th-of-january-2025.md) | +1.9% | -0.8% |
| SBM | 2023-01-19 | [China’s 2022 pork output rises to highest in eight years](https://feedsoft.ai/events/37766-china-s-2022-pork-output-rises-to-highest-in-eight-years.md) | -2.5% | +1.9% |
| SBM | 2020-01-26 | [IGC updates global soy supply balance market report](https://feedsoft.ai/events/55113-igc-updates-global-soy-supply-balance-market-report.md) | -2.4% | -4.1% |

## Sources

- ahdb.org.uk: http://www.ahdb.org.uk/news/china-pork-market-update-challenges-of-2023-to-roll-into-2024

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