# Soybean imports forecast at two-year low crimp China's ailing hog feed makers

> China's soybean imports are expected to fall to their lowest in over two years in October, tightening supplies of soymeal. Feed makers have cut soymeal inclusion in hog feed below 20% from around 30%, and soymeal prices are expected to trade near record highs.

- Date: 2022-10-06 · published 2022-10-06T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/39130-soybean-imports-forecast-at-two-year-low-crimp-china-s-ailing-hog-feed-makers
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower Chinese soybean imports weigh on Chicago futures, while record soymeal prices and reduced inclusion signal strong feed cost pressure and firm hog prices.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-09-12 | [China slashes 2018/19 soybean import forecast as U.S. trade war crimps buying](https://feedsoft.ai/events/62889-china-slashes-2018-19-soybean-import-forecast-as-u-s-trade-war-crimps-buying.md) | -0.8% | +5.2% |
| SOY | 2024-01-17 | [China's Q1 Soybean Imports Slow to Four-Year Low as Pig Herds Shrink - Pork Business](https://feedsoft.ai/events/32120-china-s-q1-soybean-imports-slow-to-four-year-low-as-pig-herds-shrink-pork.md) | +1.0% | -3.3% |
| SOY | 2022-11-07 | [China’s October soybean imports slide to lowest in eight years](https://feedsoft.ai/events/38680-china-s-october-soybean-imports-slide-to-lowest-in-eight-years.md) | +0.3% | -0.9% |
| SOY | 2022-04-20 | [China's March soybean imports from U.S. fall from previous year](https://feedsoft.ai/events/14939-china-s-march-soybean-imports-from-u-s-fall-from-previous-year.md) | -0.7% | -2.2% |
| SOY | 2019-01-25 | [China's 2018 soybean imports from U.S. hit lowest since 2008](https://feedsoft.ai/events/60959-china-s-2018-soybean-imports-from-u-s-hit-lowest-since-2008.md) | -0.1% | -0.6% |
| SBM | 2022-11-07 | [China’s October soybean imports slide to lowest in eight years](https://feedsoft.ai/events/38680-china-s-october-soybean-imports-slide-to-lowest-in-eight-years.md) | -3.0% | +1.9% |
| SBM | 2024-07-03 | [China poised for record July soybean imports on low prices](https://feedsoft.ai/events/14735-china-poised-for-record-july-soybean-imports-on-low-prices.md) | +1.3% | -3.9% |
| SBM | 2016-11-02 | [USDA: China’s soybean imports, feed use expected to increase](https://feedsoft.ai/events/73840-usda-china-s-soybean-imports-feed-use-expected-to-increase.md) | +2.0% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/article/china-soybean-imports/soybean-imports-forecast-at-two-year-low-crimp-chinas-ailing-hog-feed-makers-idUKL4N31617V/

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