# China's soymeal futures plunge on pig disease concerns

> China's most active soymeal futures on the Dalian exchange fell 4.86% to 3,485 yuan per tonne on Friday, their sharpest drop in eight years, after four days of gains. Investors took profits and new African swine fever outbreaks raised worries about feed demand.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/48623-china-s-soymeal-futures-plunge-on-pig-disease-concerns
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower expected hog feed demand from ASF outbreaks weighs on soymeal prices, pressuring global soymeal and soybean export values.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -2.9% | -2.6% |
| SBM | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +3.2% | +11.8% |
| SBM | 2020-04-13 | [ANALYSIS: China-owned Smithfield signals fresh corn, soymeal demand blow](https://feedsoft.ai/events/53636-analysis-china-owned-smithfield-signals-fresh-corn-soymeal-demand-blow.md) | -1.5% | -2.0% |
| SBM | 2021-02-08 | [China hog futures surge to one-month high on mounting ASF fear - Fastmarkets](https://feedsoft.ai/events/48627-china-hog-futures-surge-to-one-month-high-on-mounting-asf-fear-fastmarkets.md) | -0.7% | -2.7% |
| SBM | 2019-04-27 | [Farming veteran warns China's pig crisis only getting worse \| The Straits Times](https://feedsoft.ai/events/59589-farming-veteran-warns-china-s-pig-crisis-only-getting-worse-the-straits-times.md) | -2.1% | +0.2% |
| SOY | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -1.1% | -0.1% |
| SOY | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +6.2% | +17.8% |
| SOY | 2019-09-27 | [Fatter pigs, new farms to boost China soymeal demand](https://feedsoft.ai/events/57086-fatter-pigs-new-farms-to-boost-china-soymeal-demand.md) | +2.6% | +5.0% |

## Sources

- reuters.com: https://www.reuters.com/article/china-soymeal-futures-idUSL4N2KW2SN/

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