# A recovery in China’s sow herd could signify higher soy meal demand say market sources

> China's sow herd rose for the first time this year in June, up 0.9% month-on-month and 0.5% year-on-year, per the Ministry of Agriculture and Rural Affairs. Market sources say China has bought October-delivery soybeans from Brazil, and China's soybean crush rose 5.2% week-on-week in recent weeks.

- Date: 2023-07-26 · published 2023-07-26T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/35025-a-recovery-in-china-s-sow-herd-could-signify-higher-soy-meal-demand-say-market
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A rebound in hog numbers and crush would lift soymeal demand, supporting soybean and soymeal prices, though the hog recovery is still slow and sustained demand is unproven.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-09-25 | [Market developments could mean higher feed prices](https://feedsoft.ai/events/57194-market-developments-could-mean-higher-feed-prices.md) | +2.9% | +3.9% |
| SBM | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -3.0% | -5.9% |
| SBM | 2022-10-25 | [Tight soybean supply weighs on demand recovery in China amid surging crush margin \| World Ports Organization](https://feedsoft.ai/events/39165-tight-soybean-supply-weighs-on-demand-recovery-in-china-amid-surging-crush.md) | +3.7% | -1.1% |
| SBM | 2021-05-13 | [China's record soybean demand forecast to support prices till 2022: sources](https://feedsoft.ai/events/47090-china-s-record-soybean-demand-forecast-to-support-prices-till-2022-sources.md) | -9.3% | -13.4% |
| SBM | 2017-07-11 | [China to buy U.S. soybeans to meet market demand \| Iowa Agribusiness Radio Network](https://feedsoft.ai/events/69821-china-to-buy-u-s-soybeans-to-meet-market-demand-iowa-agribusiness-radio-network.md) | -4.3% | -8.4% |
| SOY | 2026-10-28 | [Strong Chinese demand supports soybean recovery in Chicago - SAFRAS & Market](https://feedsoft.ai/events/140-strong-chinese-demand-supports-soybean-recovery-in-chicago-safras-and-market.md) | -1.6% | — |
| SOY | 2019-09-25 | [Market developments could mean higher feed prices](https://feedsoft.ai/events/57194-market-developments-could-mean-higher-feed-prices.md) | +2.8% | +4.4% |
| SOY | 2021-01-14 | [China's 2020 soybean imports climb 13% to record as pig sector demand recovers - Markets - Business Recorder](https://feedsoft.ai/events/49142-china-s-2020-soybean-imports-climb-13-to-record-as-pig-sector-demand-recovers.md) | -2.9% | -3.1% |

## Sources

- mintecglobal.com: https://www.mintecglobal.com/top-stories/a-recovery-in-chinas-sow-herd-could-signify-higher-soy-meal-demand-say-market-sources

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