# An update on red meat markets in China | AHDB

> China's 2022 pork output rose 4.6% to 55.41 million tonnes, with USDA forecasting a small further increase in 2023. Hog prices fell from about 36 yuan/kg in October 2022 to 20 yuan/kg in February 2023, before stabilising after state frozen-pork purchases.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/35464-an-update-on-red-meat-markets-in-china-ahdb
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Low hog prices and expanding supply reduce Chinese hog-farmer margins and feed demand, which is bearish for soymeal and feed grain demand while pork imports remain well below 2021 levels.

## Read by commodity

- SBM: neutral
- HOGS: bearish ▼

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/an-update-on-red-meat-markets-in-china

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