Now With Too Many Pigs, China Moves to Prop Up Pork Prices

After 37 past bullish policy events, Lean Hogs moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% over 20.

• Sep 12, 2019China Vows to Ensure There’s Enough Pork to Eat - Caixin Global+0.2%
• Jun 17, 2021China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying - Caixin Global-7.0%
• Mar 4, 2024China tries to stabilise pig population as pork prices plunge-1.7%
• Sep 3, 2017Genesus Global Market Report: China | The Pig Site-2.8%
• Aug 4, 2021China intervenes to manage commodity prices | Reuters+0.3%

After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.

• Jun 16, 2017China Widens Gate to GMO Crop Imports from U.S. - Caixin Global-3.5%
• Jun 17, 2021China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying - Caixin Global-2.4%
• Mar 16, 2026China Reins in Fertilizer Exports as War Pushes Up Global Prices - Bloomberg+2.4%
• Sep 3, 2017Genesus Global Market Report: China | The Pig Site+0.6%
• Dec 23, 2021China food security: pork self-sufficiency push to raise demand for global grain stocks | South China Morning Post-0.7%

After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.

• Jun 16, 2017China Widens Gate to GMO Crop Imports from U.S. - Caixin Global-2.3%
• Jun 17, 2021China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying - Caixin Global-5.2%
• Dec 23, 2021China food security: pork self-sufficiency push to raise demand for global grain stocks | South China Morning Post+2.1%
• Sep 28, 2019Xinhua Headlines: China promotes large pig farms to ensure stable pork supply - Xinhua | English.news.cn+3.1%
• Nov 18, 2019China urges regions to speed up pig breeding ahead of Lunar New Year-2.6%