# China to Encourage Hog Farmers to Reduce Capacity After Price Slump - Pork Business

> China's agriculture ministry said it will guide hog farmers to reduce production capacity after an oversupply and 2023 losses of 76 yuan per hog. Sow herd fell 2.5 million head to 41.42 million by end-December, though destocking will continue for one to two months.

- Date: 2024-01-23 · published 2024-01-23T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/32125-china-to-encourage-hog-farmers-to-reduce-capacity-after-price-slump-pork
- 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

Shrinking Chinese hog numbers reduce feed demand for soymeal and corn, supporting a recovery in the second quarter but weighing on near-term feed purchases.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2026-04-18 | [China agriculture minister urges pig breeders to reduce capacity as prices fall \| Reuters](https://feedsoft.ai/events/19720-china-agriculture-minister-urges-pig-breeders-to-reduce-capacity-as-prices-fall.md) | +1.4% | +3.3% |
| HOGS | 2026-06-24 | [China Urges Pig Breeders to Cut Capacity After Prices Fall to 10-Year Low](https://feedsoft.ai/events/18778-china-urges-pig-breeders-to-cut-capacity-after-prices-fall-to-10-year-low.md) | -0.1% | +6.5% |
| HOGS | 2023-01-18 | [UPDATE 2-China official urges farmers to reduce sow herds](https://feedsoft.ai/events/37765-update-2-china-official-urges-farmers-to-reduce-sow-herds.md) | -1.9% | -1.9% |
| HOGS | 2023-11-24 | [China to Encourage "More Reasonable Level" of Pig Production - Farm Policy News](https://feedsoft.ai/events/33167-china-to-encourage-more-reasonable-level-of-pig-production-farm-policy-news.md) | -1.3% | -1.7% |
| HOGS | 2024-03-28 | [China's Hog Herd Size to Remain in Surplus This Year Despite Smaller Sow Target - Pork Business](https://feedsoft.ai/events/31185-china-s-hog-herd-size-to-remain-in-surplus-this-year-despite-smaller-sow-target.md) | +1.5% | +10.7% |
| 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% |
| SBM | 2026-06-24 | [China Urges Pig Breeders to Cut Capacity After Prices Fall to 10-Year Low](https://feedsoft.ai/events/18778-china-urges-pig-breeders-to-cut-capacity-after-prices-fall-to-10-year-low.md) | +0.3% | +7.7% |
| SBM | 2026-09-10 | [China's hog capacity reduction poised to accelerate in Sep \| Mysteel](https://feedsoft.ai/events/17465-china-s-hog-capacity-reduction-poised-to-accelerate-in-sep-mysteel.md) | +4.1% | +5.8% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/industry/china-encourage-hog-farmers-reduce-capacity-after-price-slump

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