# China’s Struggling Pig Farmers Should Return to Profit in Third Quarter, Agriculture Ministry Official Says

> An official from China's Ministry of Agriculture and Rural Affairs said hog breeders, who are losing money after pork prices plunged, should return to profit in the third quarter. Hog prices rebounded late in March after a 16-week slump, and a record number of pigs was slaughtered in early 2022.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/41837-china-s-struggling-pig-farmers-should-return-to-profit-in-third-quarter
- 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

Expected herd liquidation and falling feed costs point to softer Chinese feed demand later in the year, though the near-term outlook for hog numbers remains uncertain.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-29 | [Ministry of Agriculture and Rural Affairs of the People's Republic of China](https://feedsoft.ai/events/41840-ministry-of-agriculture-and-rural-affairs-of-the-people-s-republic-of-china.md) | -7.1% | -3.2% |
| CORN | 2017-06-30 | [U.S. farmers running out of opportunities to sell corn at profit](https://feedsoft.ai/events/70521-u-s-farmers-running-out-of-opportunities-to-sell-corn-at-profit.md) | +5.6% | +3.1% |
| CORN | 2021-04-18 | [An Increase in Wheat Feeding to Hogs in China, as China’s First-Quarter Pork Production Rose \| Farm Policy News \| Illinois](https://feedsoft.ai/events/47648-an-increase-in-wheat-feeding-to-hogs-in-china-as-china-s-first-quarter-pork.md) | +6.1% | +15.5% |
| CORN | 2022-01-04 | [China's sow herd rises 4.7 percent from year earlier - ag ministry \| The Western Producer](https://feedsoft.ai/events/43127-china-s-sow-herd-rises-4-7-percent-from-year-earlier-ag-ministry-the-western.md) | +3.4% | +5.7% |
| CORN | 2024-02-29 | [Upper Midwest producers see solid crop yields in 2023 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/13207-upper-midwest-producers-see-solid-crop-yields-in-2023-agweek-1-source-for.md) | +3.7% | +3.8% |
| SBM | 2022-04-29 | [Ministry of Agriculture and Rural Affairs of the People's Republic of China](https://feedsoft.ai/events/41840-ministry-of-agriculture-and-rural-affairs-of-the-people-s-republic-of-china.md) | -3.3% | -3.4% |
| SBM | 2022-01-04 | [China's sow herd rises 4.7 percent from year earlier - ag ministry \| The Western Producer](https://feedsoft.ai/events/43127-china-s-sow-herd-rises-4-7-percent-from-year-earlier-ag-ministry-the-western.md) | +0.8% | -0.4% |
| SBM | 2021-10-18 | [China posts highest Q3 pork output in three years as herd recovers \| Financial Post](https://feedsoft.ai/events/44515-china-posts-highest-q3-pork-output-in-three-years-as-herd-recovers-financial.md) | +2.5% | +10.4% |

## Sources

- yicaiglobal.com: https://www.yicaiglobal.com/news/china-struggling-pig-farmers-should-return-to-profit-in-third-quarter-agriculture-ministry-official-says

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