# News - May news

> A Chinese pig industry commentary says the hog sector is in a down cycle that began in April 2022, with sow capacity still high and supply in Q2 2023 sufficient. Pig prices are expected to rise toward cost levels around mid-year, but the rebound will be slow and small. It also notes wheat harvest-related corn selling, weak downstream demand, and a rising threonine price.

- Date: 2023-05-24 · published 2023-05-24T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/35858-news-may-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Ample hog supply and slow price recovery limit demand growth for feed grains and protein, while feed companies substituting wheat and imported grains for corn add pressure to domestic corn prices. A large incoming volume of imported corn reinforces bearish corn pricing in China.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼
- WHEAT: bearish ▼

## Sources

- huanweibio.com: https://www.huanweibio.com/news/amino-acid-monthly-report/

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