# U.S. positioned for slowdown in China's pork demand

> US pork exporters face a slowdown in China's pork demand as Chinese live hog prices fell from nearly $2.50/lb at the start of 2021 to about $0.90/lb on June 22 before rebounding to $1.15/lb in early July. China has shifted from releasing pork reserves to buying pork for price stabilization.

- Date: 2021-07-14 · published 2021-07-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/46077-u-s-positioned-for-slowdown-in-china-s-pork-demand
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker Chinese pork demand reduces import needs and cuts US meat export opportunities, which weighs on hog prices and feed demand. Competition among exporters is expected to intensify.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2021-07-15 | 1 | -2.7% | -3.2 | Published July 14, one day before the drop, it flags weaker Chinese pork demand and lower Chinese hog prices, which could weigh on US export-demand sentiment and hog futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-07-16 | [Gro Expects Drop in China Pork Imports and Lower Corn Feed Use](https://feedsoft.ai/events/46076-gro-expects-drop-in-china-pork-imports-and-lower-corn-feed-use.md) | -3.0% | -1.6% |
| HOGS | 2019-08-23 | [China to impose extra tariffs on U.S. soy, beef and pork](https://feedsoft.ai/events/57438-china-to-impose-extra-tariffs-on-u-s-soy-beef-and-pork.md) | -1.5% | -11.2% |
| HOGS | 2022-01-22 | [Hayes: China pork demand eases \| Department of Economics](https://feedsoft.ai/events/43292-hayes-china-pork-demand-eases-department-of-economics.md) | +2.6% | +22.5% |
| HOGS | 2021-08-02 | [Export Slowdown Highlights Downside Risk for Pork and Hog Values This Fall - Pork Checkoff](https://feedsoft.ai/events/45717-export-slowdown-highlights-downside-risk-for-pork-and-hog-values-this-fall-pork.md) | +0.8% | -10.9% |
| HOGS | 2021-05-31 | [Pork Prices Set To Plunge As Chinese Demand Evaporates](https://feedsoft.ai/events/47250-pork-prices-set-to-plunge-as-chinese-demand-evaporates.md) | +2.1% | -6.1% |
| CORN | 2024-09-19 | [China forgoes US corn despite slowdown in Brazilian shipments \| Reuters](https://feedsoft.ai/events/14716-china-forgoes-us-corn-despite-slowdown-in-brazilian-shipments-reuters.md) | -0.7% | -2.4% |
| CORN | 2021-07-16 | [Gro Expects Drop in China Pork Imports and Lower Corn Feed Use](https://feedsoft.ai/events/46076-gro-expects-drop-in-china-pork-imports-and-lower-corn-feed-use.md) | -0.1% | -1.0% |
| CORN | 2020-02-13 | [U.S. grains: Soy up on prospects for Chinese demand - AgCanada](https://feedsoft.ai/events/54655-u-s-grains-soy-up-on-prospects-for-chinese-demand-agcanada.md) | +1.0% | +1.3% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/pork-market-news/u-s-positioned-for-slowdown-in-china-s-pork-demand

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