# Raising Pigs No Longer Brings Home the Bacon for China’s Farmers  - Caixin Global

> Chinese pig farming has turned loss-making as live hog prices fell to 14.1 yuan per kg in late June, the lowest in over two years, while corn feed costs hit a record 3.01 yuan per kg. The share of monitored farmers losing money rose to 62% in June from 9.7% in May, prompting an emergency state pork buying program.

- Date: 2021-07-22 · published 2021-07-22T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/46072-raising-pigs-no-longer-brings-home-the-bacon-for-china-s-farmers-caixin-global
- 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

Heavy hog losses could slow herd rebuilding and cut future feed demand, while higher feed costs squeeze the sector. Government pork buying may give some support to hog prices.

## Read by commodity

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

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-07-22/raising-pigs-no-longer-brings-home-the-bacon-for-chinas-farmers-101744008.html

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