# Chinese firms cut soymeal content in hog feed to reduce imports - Global Times

> Several Chinese feed and pork producers, including New Hope Liuhe and Muyuan Foods, are cutting soymeal content in hog feed. New Hope reported using 10% soymeal as of April, down from 13.2% in 2019. The moves follow a March notice from the Ministry of Agriculture urging lower soy and corn use in feed.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/47093-chinese-firms-cut-soymeal-content-in-hog-feed-to-reduce-imports-global-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower soymeal inclusion reduces China's import needs for soybeans, which weighs on global soymeal and soybean demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-03-19 | [China looks to cut corn, soymeal content in animal feed \| Feed Strategy](https://feedsoft.ai/events/48099-china-looks-to-cut-corn-soymeal-content-in-animal-feed-feed-strategy.md) | +0.9% | -0.0% |
| SBM | 2023-04-10 | [China makes an effort to reduce soybean imports](https://feedsoft.ai/events/36361-china-makes-an-effort-to-reduce-soybean-imports.md) | +0.7% | -5.3% |
| SBM | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -1.7% | -7.5% |
| SBM | 2019-02-05 | [The Global Miller: Troubled China opts to reduce protein in animal feed](https://feedsoft.ai/events/60666-the-global-miller-troubled-china-opts-to-reduce-protein-in-animal-feed.md) | -1.8% | -1.6% |
| SBM | 2024-01-24 | [China aims to further lower soybean meal use, reduce hog capacity \| Feed Strategy](https://feedsoft.ai/events/32126-china-aims-to-further-lower-soybean-meal-use-reduce-hog-capacity-feed-strategy.md) | +0.4% | -4.1% |
| SOY | 2023-04-10 | [China makes an effort to reduce soybean imports](https://feedsoft.ai/events/36361-china-makes-an-effort-to-reduce-soybean-imports.md) | +0.5% | -1.6% |
| SOY | 2023-04-14 | [Food security drives China to cut soymeal use in animal feed \| Reuters](https://feedsoft.ai/events/14849-food-security-drives-china-to-cut-soymeal-use-in-animal-feed-reuters.md) | -0.2% | -3.8% |
| SOY | 2019-02-05 | [The Global Miller: Troubled China opts to reduce protein in animal feed](https://feedsoft.ai/events/60666-the-global-miller-troubled-china-opts-to-reduce-protein-in-animal-feed.md) | -1.5% | -1.9% |

## Sources

- globaltimes.cn: https://www.globaltimes.cn/page/202105/1224053.shtml

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