# Headwinds expected to impact Chinese pork, beef trade – GAIN

> A USDA GAIN report forecasts headwinds for China's economy through 2024, with beef imports expected to decline on flat demand. Pork production is forecast to fall 1% in 2024 to 55.95 million tons, while cattle imports are expected to rise to 250,000 head.

- Date: 2023-09-06 · published 2023-09-06T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/34035-headwinds-expected-to-impact-chinese-pork-beef-trade-gain
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker Chinese meat demand and lower beef and pork import projections reduce global protein demand, which is mildly bearish for feed grains and meal used by Chinese livestock.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-08-22 | [Softer demand for U.S. pork expected to persist](https://feedsoft.ai/events/28939-softer-demand-for-u-s-pork-expected-to-persist.md) | +2.9% | +1.9% |
| HOGS | 2020-08-07 | [USMEF: June pork, beef exports slide due to COVID-19 \| 2020-08-07  \| MEAT+POULTRY](https://feedsoft.ai/events/51579-usmef-june-pork-beef-exports-slide-due-to-covid-19-2020-08-07-meat-poultry.md) | +3.3% | +12.0% |
| HOGS | 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) | -1.3% | +6.0% |
| HOGS | 2023-07-17 | [China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business](https://feedsoft.ai/events/35027-china-s-q2-pork-output-highest-for-the-period-in-at-least-a-decade-pork-business.md) | +0.3% | +0.7% |
| HOGS | 2017-10-30 | [Steady growth in pork production brings trade into sharper focus - Pig World](https://feedsoft.ai/events/68444-steady-growth-in-pork-production-brings-trade-into-sharper-focus-pig-world.md) | +0.6% | -3.4% |
| CORN | 2021-05-18 | [Corn Production Expected to Grow in 2021](https://feedsoft.ai/events/47087-corn-production-expected-to-grow-in-2021.md) | +0.7% | +3.5% |
| CORN | 2021-07-06 | [Chinese corn, wheat imports slip  \| World Grain](https://feedsoft.ai/events/45928-chinese-corn-wheat-imports-slip-world-grain.md) | -1.9% | -12.4% |
| CORN | 2024-02-16 | [Tight Supplies Expected to Boost Cattle and Hog Prices in 2024](https://feedsoft.ai/events/31615-tight-supplies-expected-to-boost-cattle-and-hog-prices-in-2024.md) | +0.5% | +4.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/headwinds-expected-to-impact-chinese-pork-beef-trade-gain/

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