# Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global

> China's National Development and Reform Commission will buy pork under an emergency program after the pig-to-feed ratio fell below 5:1, triggering the highest-level warning in its three-tier monitoring system. Live hog prices rebounded to 16.36 yuan/kg from 12.65 yuan on June 22, and Dalian hog futures rose sharply.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

State pork buying and a price floor could slow the hog herd liquidation and support feed demand, which is supportive for corn and meal demand from China. The price rebound signals a possible firming of Chinese hog-related feed demand.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-09-12 | [China Vows to Ensure There’s Enough Pork to Eat - Caixin Global](https://feedsoft.ai/events/57092-china-vows-to-ensure-there-s-enough-pork-to-eat-caixin-global.md) | +0.2% | +1.6% |
| HOGS | 2021-06-17 | [China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying  - Caixin Global](https://feedsoft.ai/events/46560-china-s-plummeting-hog-prices-trigger-new-mechanism-that-may-lead-to-state.md) | -7.0% | -5.3% |
| HOGS | 2024-03-04 | [China tries to stabilise pig population as pork prices plunge](https://feedsoft.ai/events/31188-china-tries-to-stabilise-pig-population-as-pork-prices-plunge.md) | -1.7% | +0.9% |
| HOGS | 2017-09-03 | [Genesus Global Market Report: China
						 \| The Pig Site](https://feedsoft.ai/events/68944-genesus-global-market-report-china-the-pig-site.md) | -2.8% | -13.9% |
| HOGS | 2021-08-04 | [China intervenes to manage commodity prices \| Reuters](https://feedsoft.ai/events/45860-china-intervenes-to-manage-commodity-prices-reuters.md) | +0.3% | -12.4% |
| CORN | 2017-06-16 | [China Widens Gate to GMO Crop Imports from U.S. - Caixin Global](https://feedsoft.ai/events/70354-china-widens-gate-to-gmo-crop-imports-from-u-s-caixin-global.md) | -3.5% | -2.6% |
| CORN | 2021-06-17 | [China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying  - Caixin Global](https://feedsoft.ai/events/46560-china-s-plummeting-hog-prices-trigger-new-mechanism-that-may-lead-to-state.md) | -2.4% | +2.5% |
| CORN | 2026-03-16 | [China Reins in Fertilizer Exports as War Pushes Up Global Prices - Bloomberg](https://feedsoft.ai/events/20096-china-reins-in-fertilizer-exports-as-war-pushes-up-global-prices-bloomberg.md) | +2.4% | -1.7% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-06-30/now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-101734281.html

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