# Unusual Drop in China's Soy Demand Could Precede Pork Contraction - Pork Business

> Reuters analyst Karen Braun reports China is significantly cutting soybean imports in 2021-22 versus recent norms, with USDA forecasting 91 million tonnes against nearly 100 million the prior year. Hog producers may cull animals after prolonged losses, which could reduce soybean demand further.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/41838-unusual-drop-in-china-s-soy-demand-could-precede-pork-contraction-pork-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower Chinese soybean imports and possible hog culling would weaken global soybean and soymeal demand, pressuring prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-29 | [USDA supply/demand forecast could factor in Mexico, China tariffs - The Business Times](https://feedsoft.ai/events/64550-usda-supply-demand-forecast-could-factor-in-mexico-china-tariffs-the-business.md) | +1.5% | +1.1% |
| SOY | 2020-11-20 | [China Targets U.S. Farm Imports With Tariffs on Soy, Corn - Pork Business](https://feedsoft.ai/events/50015-china-targets-u-s-farm-imports-with-tariffs-on-soy-corn-pork-business.md) | +1.2% | +3.6% |
| SOY | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | -0.8% | -3.7% |
| SOY | 2026-08-08 | [China July soybean imports drop on sow herd size concerns - Markets - Business Recorder](https://feedsoft.ai/events/17905-china-july-soybean-imports-drop-on-sow-herd-size-concerns-markets-business.md) | +1.5% | +11.9% |
| SOY | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | +0.0% | +3.1% |
| SBM | 2018-06-29 | [USDA supply/demand forecast could factor in Mexico, China tariffs - The Business Times](https://feedsoft.ai/events/64550-usda-supply-demand-forecast-could-factor-in-mexico-china-tariffs-the-business.md) | +2.5% | +0.4% |
| SBM | 2021-09-07 | [China's August soybean imports fall on flat demand - Markets - Business Recorder](https://feedsoft.ai/events/45066-china-s-august-soybean-imports-fall-on-flat-demand-markets-business-recorder.md) | +1.7% | -3.9% |
| SBM | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | -0.6% | -0.9% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/opinion/unusual-drop-chinas-soy-demand-could-precede-pork-contraction

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