# China aims to further lower soybean meal use, reduce hog capacity | Feed Strategy

> China's agriculture ministry says protein in animal feed is more than sufficient and is working to lower soybean meal use, with soybean imports up 11.4% in 2023. It recommends alternatives including rapeseed meal, cottonseed meal, sunflower meal, DDGS, barley and sorghum.

- Date: 2024-01-24 · published 2024-01-24T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/32126-china-aims-to-further-lower-soybean-meal-use-reduce-hog-capacity-feed-strategy
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A government push to replace soymeal with other feeds reduces structural demand for soybean meal and supports substitute meal and grain demand.

## Read by commodity

- CSM: bullish ▲
- SBM: bearish ▼
- SOY: bearish ▼
- DDGS: bullish ▲
- BARLEY: bullish ▲
- CANMEAL: bullish ▲
- SORGHUM: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-04-21 | [China issues guidance on reducing corn, soy use in feed \| Feed Strategy](https://feedsoft.ai/events/47645-china-issues-guidance-on-reducing-corn-soy-use-in-feed-feed-strategy.md) | +3.5% | +0.1% |
| SBM | 2021-03-19 | [China looks to cut corn, soymeal content in animal feed \| Feed Strategy](https://feedsoft.ai/events/48099-china-looks-to-cut-corn-soymeal-content-in-animal-feed-feed-strategy.md) | +0.9% | -0.0% |
| 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% |
| SBM | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -6.3% | -9.1% |
| SBM | 2023-06-07 | [Soybean meal prices to be bright spot for pig producers \| Feed Strategy](https://feedsoft.ai/events/35601-soybean-meal-prices-to-be-bright-spot-for-pig-producers-feed-strategy.md) | -0.3% | +4.1% |
| SOY | 2021-04-21 | [China issues guidance on reducing corn, soy use in feed \| Feed Strategy](https://feedsoft.ai/events/47645-china-issues-guidance-on-reducing-corn-soy-use-in-feed-feed-strategy.md) | +5.3% | +6.9% |
| SOY | 2022-09-22 | [China to Cut Soybean Meal in Livestock Feed \| Feed & Grain](https://feedsoft.ai/events/39574-china-to-cut-soybean-meal-in-livestock-feed-feed-and-grain.md) | -3.6% | -6.1% |
| SOY | 2023-04-10 | [China makes an effort to reduce soybean imports](https://feedsoft.ai/events/36361-china-makes-an-effort-to-reduce-soybean-imports.md) | +0.5% | -1.6% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/business-markets/article/15662710/china-aims-to-further-lower-soybean-meal-use-reduce-hog-capacity

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