# China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying  - Caixin Global

> China's NDRC issued a level-three warning after hog prices fell sharply, triggering a new pork reserve mechanism that could lead to state buying. Live hog prices have tumbled in the first half of 2021 as farmers expanded production after African swine fever.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/46560-china-s-plummeting-hog-prices-trigger-new-mechanism-that-may-lead-to-state
- 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

Potential state pork purchases may limit further hog price declines and could slow herd culling, supporting feed demand over the medium term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-06-30 | [Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global](https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global.md) | +0.4% | -0.5% |
| 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 | 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 | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | +6.1% | +4.3% |
| CORN | 2021-06-30 | [Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global](https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global.md) | -0.4% | -10.6% |
| 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 | 2019-11-12 | [State Council planning more measures to restore nation's hog production](https://feedsoft.ai/events/56059-state-council-planning-more-measures-to-restore-nation-s-hog-production.md) | -0.5% | -2.9% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-06-17/chinas-plummeting-hog-prices-trigger-new-mechanism-that-may-lead-to-state-buying-101727868.html

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