# China's farmers face more pain as power crunch drives up feed costs | Financial Post

> Power outages in China have forced at least half of soybean crushing plants in northern and northeastern China to shut, pushing soymeal prices in Tianjin up 220 yuan to 3,800 yuan per tonne. Hog farmers already face low pork prices and now higher feed costs as the power crunch disrupts ingredient production.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: logistics · region China · magnitude high
- Page: https://feedsoft.ai/events/45065-china-s-farmers-face-more-pain-as-power-crunch-drives-up-feed-costs-financial
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Crusher shutdowns cut domestic soymeal supply and raise feed costs in China, which tightens meal availability and supports soybean meal prices while adding to livestock margin stress.

## Read by commodity

- SBM: bullish ▲
- SOY: bearish ▼
- WTI: neutral
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-10-25 | [Mississippi River Dries Up Again at Worst Time for Farmers - TT](https://feedsoft.ai/events/16500-mississippi-river-dries-up-again-at-worst-time-for-farmers-tt.md) | -1.4% | -1.9% |
| SOY | 2024-02-01 | [Low River Levels are Creating Higher Costs for Farmers](https://feedsoft.ai/events/16570-low-river-levels-are-creating-higher-costs-for-farmers.md) | -2.7% | -7.7% |
| SOY | 2019-03-16 | [Swollen Mississippi River adds more headaches for grain farmers](https://feedsoft.ai/events/59982-swollen-mississippi-river-adds-more-headaches-for-grain-farmers.md) | -0.6% | -1.5% |
| SOY | 2019-03-01 | [Busiest U.S. Grains Port Swamped by Flooding as Exporters Await China Deal](https://feedsoft.ai/events/59984-busiest-u-s-grains-port-swamped-by-flooding-as-exporters-await-china-deal.md) | -0.8% | -0.9% |
| SOY | 2024-08-14 | [Mississippi River to lower as harvests… \| PB Commercial](https://feedsoft.ai/events/16520-mississippi-river-to-lower-as-harvests-pb-commercial.md) | -3.2% | -0.9% |
| SBM | 2019-12-13 | [Argentine soy giant Vicentin suspends crushing amid debt crisis - sources \| Financial Post](https://feedsoft.ai/events/55421-argentine-soy-giant-vicentin-suspends-crushing-amid-debt-crisis-sources.md) | +2.0% | +2.2% |
| SBM | 2020-09-27 | [Argentine grains port workers to strike after talks collapse \| Financial Post](https://feedsoft.ai/events/51122-argentine-grains-port-workers-to-strike-after-talks-collapse-financial-post.md) | +3.7% | +14.7% |
| SBM | 2021-02-03 | [Corn extends losses; Chinese demand keeps prices near 2013 peak \| Financial Post](https://feedsoft.ai/events/5828-corn-extends-losses-chinese-demand-keeps-prices-near-2013-peak-financial-post.md) | +1.9% | -1.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/chinas-farmers-face-more-pain-as-power-crunch-drives-up-feed-costs
- esmmagazine.com: https://www.esmmagazine.com/supply-chain/power-crunch-drives-feed-costs-chinas-farmers-face-pain-148298
- thecattlesite.com: https://www.thecattlesite.com/news/57500/chinas-farmers-face-more-pain-as-power-crunch-drives-up-feed-costs-2

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