# Poor Chinese hog margins to weigh on feed grain price outlook | The Land | NSW

> Chinese hog prices are down 50 to 60 percent year on year while feed costs have risen, pushing some sow-finisher farms into losses. COVID lockdowns are depressing demand, and some producers are substituting tubers and rice for corn and cutting soymeal in rations. Feed consumption in China is expected to fall 2 to 5 percent in 2022.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/41839-poor-chinese-hog-margins-to-weigh-on-feed-grain-price-outlook-the-land-nsw
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Reduced Chinese feed grain and meal demand, plus substitution away from corn and soymeal, weighs on the global feed grain outlook.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-01-01 | [Feed Grain weekly outlook: Corn, barley on level ground](https://feedsoft.ai/events/32773-feed-grain-weekly-outlook-corn-barley-on-level-ground.md) | -2.0% | -3.6% |
| CORN | 2020-04-26 | [Oil price crash, COVID-19 weaken grains and oilseed markets](https://feedsoft.ai/events/53733-oil-price-crash-covid-19-weaken-grains-and-oilseed-markets.md) | -0.7% | -0.3% |
| CORN | 2026-07-02 | [Margins hold tight despite falling prices](https://feedsoft.ai/events/8576-margins-hold-tight-despite-falling-prices.md) | +0.8% | +3.2% |
| CORN | 2016-11-22 | [Covering the Floor Price](https://feedsoft.ai/events/73883-covering-the-floor-price.md) | -3.6% | -0.8% |
| CORN | 2022-04-25 | [Why the Chinese Pig Herd Matters Globally \| CZ app](https://feedsoft.ai/events/41836-why-the-chinese-pig-herd-matters-globally-cz-app.md) | +0.4% | -2.0% |
| SBM | 2026-10-29 | [The sharp fall in the real exchange rate has caused soybean meal prices to collapse in Brazil and China, which is increasing pressure on prices in Ukraine.](https://feedsoft.ai/events/1392-the-sharp-fall-in-the-real-exchange-rate-has-caused-soybean-meal-prices-to.md) | -3.3% | — |
| SBM | 2022-04-25 | [Why the Chinese Pig Herd Matters Globally \| CZ app](https://feedsoft.ai/events/41836-why-the-chinese-pig-herd-matters-globally-cz-app.md) | -3.8% | -7.5% |
| SBM | 2020-05-19 | [Vietnam: External headwinds likely to weigh on growth - Standard Chartered - Forex Crunch](https://feedsoft.ai/events/53427-vietnam-external-headwinds-likely-to-weigh-on-growth-standard-chartered-forex.md) | -0.4% | +1.0% |

## Sources

- theland.com.au: https://www.theland.com.au/story/7711581/hog-feed-shifts-price-outlook/

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