# China’s expanding swine herd cues demand for soybeans

> Soybean futures rose on Tuesday after USDA export inspections showed strong soybean shipments, with about 76 percent of last week's inspected beans headed to China. The article notes China's expanding hog herd and the USDA's January forecast raising global pork output.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/37764-china-s-expanding-swine-herd-cues-demand-for-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Stronger Chinese import demand for feed-driven soybeans and firm export inspections support soybean and soymeal prices, which raises feed costs for buyers.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-16 | [Expanding hog herd drives surge in China's soybean imports - Brownfield Ag News](https://feedsoft.ai/events/71005-expanding-hog-herd-drives-surge-in-china-s-soybean-imports-brownfield-ag-news.md) | -0.9% | -3.4% |
| SOY | 2020-09-11 | [China maintains strong demand for U.S. corn, soy: USDA](https://feedsoft.ai/events/50982-china-maintains-strong-demand-for-u-s-corn-soy-usda.md) | +4.4% | +6.6% |
| SOY | 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) | -7.4% | -7.0% |
| SOY | 2020-04-20 | [China's 2019-2020 soybean demand to remain strong despite COVID-19, African swine fever](https://feedsoft.ai/events/53634-china-s-2019-2020-soybean-demand-to-remain-strong-despite-covid-19-african.md) | -0.0% | +0.7% |
| SOY | 2020-07-16 | [Soybean Rises on Stronger Chinese Demand](https://feedsoft.ai/events/52164-soybean-rises-on-stronger-chinese-demand.md) | +1.5% | +0.5% |
| SBM | 2017-05-16 | [Expanding hog herd drives surge in China's soybean imports - Brownfield Ag News](https://feedsoft.ai/events/71005-expanding-hog-herd-drives-surge-in-china-s-soybean-imports-brownfield-ag-news.md) | -1.5% | -3.5% |
| 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 | 2020-04-20 | [China's 2019-2020 soybean demand to remain strong despite COVID-19, African swine fever](https://feedsoft.ai/events/53634-china-s-2019-2020-soybean-demand-to-remain-strong-despite-covid-19-african.md) | -0.2% | -0.2% |

## Sources

- uaex.uada.edu: https://uaex.uada.edu/media-resources/news/2023/january/01-31-2023-ark-soybean-prices.aspx

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