# Why the Chinese Pig Herd Matters Globally | CZ app

> A CZ app insight piece says Chinese hog farmers face losses because high grain prices and low pork prices squeeze margins. It expects the current pig cycle to end in late 2022, with COVID measures and feed costs possibly prolonging the herd decline.

- Date: 2022-04-25 · published 2022-04-25T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/41836-why-the-chinese-pig-herd-matters-globally-cz-app
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A shrinking Chinese pig herd would lower demand for corn and soymeal imports, a bearish factor for feed grain and meal prices over the coming years.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-07-12 | [How bad is the Chinese economy?](https://feedsoft.ai/events/12304-how-bad-is-the-chinese-economy.md) | -2.4% | -2.7% |
| CORN | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -7.5% | -2.6% |
| CORN | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | +0.7% | +3.0% |
| CORN | 2021-06-18 | [Explained: What spurred the global commodity market sell-off? - CNBC TV18](https://feedsoft.ai/events/5760-explained-what-spurred-the-global-commodity-market-sell-off-cnbc-tv18.md) | +0.3% | -5.2% |
| CORN | 2020-03-27 | [Oil price crash: a glimpse into the future for global energy markets? Q&A with Pierre Noel](https://feedsoft.ai/events/7880-oil-price-crash-a-glimpse-into-the-future-for-global-energy-markets-q-and-a.md) | +3.7% | -4.4% |
| SBM | 2022-04-28 | [Poor Chinese hog margins to weigh on feed grain price outlook \| The Land \| NSW](https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw.md) | -4.9% | -6.0% |
| SBM | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | -0.6% | +11.9% |
| SBM | 2022-05-31 | [In Depth: Behind the Yuan’s Tumble Against the Dollar - Caixin Global](https://feedsoft.ai/events/41602-in-depth-behind-the-yuan-s-tumble-against-the-dollar-caixin-global.md) | -5.5% | +1.5% |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/why-the-chinese-pig-herd-matters-globally/

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