# China's soymeal prices hit record highs, deal fresh blow to hog sector

> Soymeal futures on the Dalian Commodity Exchange rose to a record 3,792 yuan per tonne in the week, up 13% from before the Chinese New Year holiday. The rally adds to pressure on China's hog sector.

- Date: 2022-02-11 · published 2022-02-11T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/42784-china-s-soymeal-prices-hit-record-highs-deal-fresh-blow-to-hog-sector
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher soymeal costs raise feed expenses for Chinese hog producers, which can reduce herd demand for meal over time while supporting current meal prices.

## Read by commodity

- SBM: bullish ▲
- HOGS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/business/chinas-soymeal-prices-hit-record-highs-deal-fresh-blow-to-hog-sector-idUSL4N2UL071/

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