# CoBank gives U.S. pork industry advice as China rebuilds

> CoBank's report says China's hog prices have fallen about 30% from their peak a year earlier, and that rebuilding of the herd increases the risk of US pork oversupply. US pork exports to greater China have surged this year. The bank recommends the US industry diversify into Asian and Latin American markets.

- Date: 2020-11-09 · published 2020-11-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/50153-cobank-gives-u-s-pork-industry-advice-as-china-rebuilds
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Risk of US pork oversupply as Chinese demand slows is bearish for hog prices and reduces feed demand from US hog producers.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-09-22 | [Pork imports slow in China as domestic pork production rebounds](https://feedsoft.ai/events/68942-pork-imports-slow-in-china-as-domestic-pork-production-rebounds.md) | -4.5% | +7.6% |
| HOGS | 2018-02-19 | [Here's how fast USDA sees pork industry growing](https://feedsoft.ai/events/66648-here-s-how-fast-usda-sees-pork-industry-growing.md) | +0.9% | -5.9% |
| HOGS | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -5.1% | -16.0% |
| HOGS | 2021-08-02 | [Rabobank: China’s hog prices to affect global markets \| Feed Strategy](https://feedsoft.ai/events/45566-rabobank-china-s-hog-prices-to-affect-global-markets-feed-strategy.md) | +0.8% | -10.9% |
| HOGS | 2018-09-24 | [Rabobank report: Rising volatility will challenge industry margins - Poultry News](https://feedsoft.ai/events/63198-rabobank-report-rising-volatility-will-challenge-industry-margins-poultry-news.md) | +5.6% | -4.1% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/livestock-and-poultry-market-news/cobank-gives-u-s-pork-industry-advice-as-china-rebuilds

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