Chinese firms cut soymeal content in hog feed to reduce imports

After 223 past bearish policy events, SBM moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.

• Mar 19, 2021China looks to cut corn, soymeal content in animal feed | Feed Strategy+0.9%
• Apr 10, 2023China makes an effort to reduce soybean imports+0.7%
• Apr 14, 2023Food security drives China to cut soymeal use in animal feed | Reuters-1.7%
• Feb 5, 2019The Global Miller: Troubled China opts to reduce protein in animal feed-1.8%
• Jan 24, 2024China aims to further lower soybean meal use, reduce hog capacity | Feed Strategy+0.4%

After 369 past bearish policy events, SOY moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.8%), and +0.8% over 20.

• Apr 10, 2023China makes an effort to reduce soybean imports+0.5%
• Apr 14, 2023Food security drives China to cut soymeal use in animal feed | Reuters-0.2%
• Feb 5, 2019The Global Miller: Troubled China opts to reduce protein in animal feed-1.5%
• Jan 24, 2024China aims to further lower soybean meal use, reduce hog capacity | Feed Strategy-1.7%
• Sep 22, 2022China to Cut Soybean Meal in Livestock Feed | Feed & Grain-3.6%