# China’s pig herd nears recovery, but hog prices are still volatile
						 | The Pig Site

> China's pig herd has reached more than 90 percent of normal levels by end-November, according to the Ministry of Agriculture and Rural Affairs via Xinhua. Live hog prices have risen since late November on seasonal demand and strict coronavirus inspections slowing imported meat.

- Date: 2020-12-15 · published 2020-12-15T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/49643-china-s-pig-herd-nears-recovery-but-hog-prices-are-still-volatile-the-pig-site
- 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

A near-recovered Chinese herd sustains strong feed demand, supporting grain and meal prices. Hog price strength reinforces expectations of continued Chinese imports.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-02-05 | [Pig outlook: Lean hog futures prices power still higher
						 \| The Pig Site](https://feedsoft.ai/events/48796-pig-outlook-lean-hog-futures-prices-power-still-higher-the-pig-site.md) | +4.1% | +20.4% |
| HOGS | 2019-03-11 | [China hog prices hit 14-month high as African swine fever slashes output
						 \| The Pig Site](https://feedsoft.ai/events/60096-china-hog-prices-hit-14-month-high-as-african-swine-fever-slashes-output-the.md) | +9.4% | +33.1% |
| HOGS | 2019-03-29 | [Hog prices rise sharply in the U.S. after new data shows toll of African swine fever on China's herd](https://feedsoft.ai/events/60241-hog-prices-rise-sharply-in-the-u-s-after-new-data-shows-toll-of-african-swine.md) | +3.0% | +12.5% |
| HOGS | 2018-10-24 | [Lean hog prices vanquish swine fever jitters
						 \| The Pig Site](https://feedsoft.ai/events/62680-lean-hog-prices-vanquish-swine-fever-jitters-the-pig-site.md) | +3.1% | -0.5% |
| HOGS | 2020-10-06 | [ASF gap in China drives global protein inflation
						 \| The Pig Site](https://feedsoft.ai/events/50592-asf-gap-in-china-drives-global-protein-inflation-the-pig-site.md) | +2.7% | -8.9% |
| CORN | 2020-10-01 | [China's pig herd rebounds after swine fever, but pork supply will take time to recover \| Financial Post](https://feedsoft.ai/events/50641-china-s-pig-herd-rebounds-after-swine-fever-but-pork-supply-will-take-time-to.md) | -0.3% | +6.4% |
| CORN | 2020-10-06 | [ASF gap in China drives global protein inflation
						 \| The Pig Site](https://feedsoft.ai/events/50592-asf-gap-in-china-drives-global-protein-inflation-the-pig-site.md) | +2.6% | +6.8% |
| CORN | 2019-03-28 | [African Swine Fever in China Helps Boost U.S. Hog Prices - Farm Policy News](https://feedsoft.ai/events/60239-african-swine-fever-in-china-helps-boost-u-s-hog-prices-farm-policy-news.md) | -2.6% | -4.6% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/12/chinas-pig-herd-nears-recovery-but-hog-prices-are-still-volatile

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