# Gro Expects Drop in China Pork Imports and Lower Corn Feed Use

> Gro Intelligence expects China's two-year run of huge pork imports to end as the domestic hog herd grows and pork prices have slumped. Hog producer margins have turned negative, and the government has announced domestic pork reserve purchases to support prices.

- Date: 2021-07-16 · published 2021-07-16T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/46076-gro-expects-drop-in-china-pork-imports-and-lower-corn-feed-use
- 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

Lower Chinese pork imports reduce demand for imported feed ingredients and pork supply from exporters, and a smaller hog herd cuts domestic corn and meal use. This is bearish for feed grain and protein demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-09-30 | [China’s decline in imports and ethanol consumption could lower corn prices 30.09.2021 - UkrAgroConsult](https://feedsoft.ai/events/45110-china-s-decline-in-imports-and-ethanol-consumption-could-lower-corn-prices-30.md) | +0.3% | +2.8% |
| CORN | 2017-06-07 | [China Ag Imports Boom--Except for Corn](https://feedsoft.ai/events/70351-china-ag-imports-boom-except-for-corn.md) | +0.6% | +1.5% |
| CORN | 2023-06-21 | [China intensifies imports of grains and oilseeds amid lower world prices](https://feedsoft.ai/events/14833-china-intensifies-imports-of-grains-and-oilseeds-amid-lower-world-prices.md) | -3.2% | -12.0% |
| CORN | 2023-12-04 | [Secretary Vilsack addresses decline in corn exports to China \| Feed & Grain](https://feedsoft.ai/events/14792-secretary-vilsack-addresses-decline-in-corn-exports-to-china-feed-and-grain.md) | +1.7% | +3.1% |
| CORN | 2022-02-25 | [China Diversifies Grain Imports, U.S. Gets Smaller Piece \| Feed & Grain](https://feedsoft.ai/events/14959-china-diversifies-grain-imports-u-s-gets-smaller-piece-feed-and-grain.md) | +6.6% | +10.3% |
| SBM | 2020-11-30 | [China September Soybean Imports Ease \| Feed & Grain](https://feedsoft.ai/events/50150-china-september-soybean-imports-ease-feed-and-grain.md) | -2.4% | +4.2% |
| SBM | 2018-08-08 | [China has expanded the use of low protein animal feed formulas](https://feedsoft.ai/events/63515-china-has-expanded-the-use-of-low-protein-animal-feed-formulas.md) | +0.7% | -8.0% |
| SBM | 2019-10-14 | [China September soybean imports ease on falling animal feed demand](https://feedsoft.ai/events/56562-china-september-soybean-imports-ease-on-falling-animal-feed-demand.md) | +0.5% | -0.7% |

## Sources

- gro-intelligence.com: https://www.gro-intelligence.com/insights/gro-expects-drop-china-pork-imports-and-corn-feed-use

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