# China's sliding hog prices weigh on soybean meal demand for March-June | S&P Global

> Chinese hog prices fell 17.5% month on month to 15.82 yuan/kg on Feb 1 and were down 43% quarter on quarter, extending an 11-week decline. Excess sow inventory, heavy slaughter in December and weak Lunar New Year demand drove the drop. Crushers expect lower soymeal demand from the feed sector from March.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/37340-china-s-sliding-hog-prices-weigh-on-soybean-meal-demand-for-march-june-s-and-p
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weaker hog margins and reduced herd feeding cut demand for soybean meal from March to June, pressuring meal prices and crush margins, which are already near breakeven.

## Read by commodity

- SBM: bearish ▼
- HOGS: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/020223-chinas-sliding-hog-prices-weigh-on-soybean-meal-demand-for-march-june

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