# China’s Shortage of Pig Feed Set to Ease on Looming Soy Imports - Caixin Global

> China is facing a soybean meal shortage, shown by steep backwardation on the Dalian exchange where November futures sit about 800 yuan above January. Processors slowed foreign soybean buying over the summer when crush margins turned negative, and low Mississippi River water has limited US export prospects.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: logistics · region China · magnitude medium
- Page: https://feedsoft.ai/events/39128-china-s-shortage-of-pig-feed-set-to-ease-on-looming-soy-imports-caixin-global
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Tight Chinese soymeal supply supports prices for feed ingredients and keeps demand for US soybean exports firm, while river constraints add freight and availability risk.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-09-30 | [Palm oil futures hit all-time high as China rushes to fill soy oil shortage \| S&P Global](https://feedsoft.ai/events/45163-palm-oil-futures-hit-all-time-high-as-china-rushes-to-fill-soy-oil-shortage-s.md) | -4.5% | -2.1% |
| SBM | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -3.0% | -11.3% |
| SBM | 2017-07-06 | [The record high soybean import is cause for the Chinese ports' collapse.](https://feedsoft.ai/events/70039-the-record-high-soybean-import-is-cause-for-the-chinese-ports-collapse.md) | +5.7% | -2.4% |
| SBM | 2021-11-19 | [Grain Shipping Costs Start to Ease](https://feedsoft.ai/events/43961-grain-shipping-costs-start-to-ease.md) | -3.8% | +1.7% |
| SBM | 2021-08-19 | [Argentinian soy meal market surges on demand, slow farmer selling \| S&P Global](https://feedsoft.ai/events/45644-argentinian-soy-meal-market-surges-on-demand-slow-farmer-selling-s-and-p-global.md) | -1.4% | -4.3% |
| SOY | 2022-04-19 | [Argentina port workers to go on strike in the middle of soybean, corn harvest \| S&P Global](https://feedsoft.ai/events/41858-argentina-port-workers-to-go-on-strike-in-the-middle-of-soybean-corn-harvest-s.md) | -0.7% | -3.4% |
| SOY | 2021-08-06 | [Logistics costs in Argentina rise by 300% due to low levels of Parana river: BCR \| S&P Global](https://feedsoft.ai/events/45426-logistics-costs-in-argentina-rise-by-300-due-to-low-levels-of-parana-river-bcr.md) | -0.1% | -8.8% |
| SOY | 2017-07-06 | [The record high soybean import is cause for the Chinese ports' collapse.](https://feedsoft.ai/events/70039-the-record-high-soybean-import-is-cause-for-the-chinese-ports-collapse.md) | +4.1% | -1.0% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2022-10-27/chinas-shortage-of-pig-feed-set-to-ease-on-looming-soy-imports-101956620.html

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