# High pork price benefits hog breeders amid ASF concern, heavy rainfall - Global Times

> Chinese pork prices reached 38.27 yuan per kg on July 11, up 110.85% year on year, as African swine fever and hog shortages persisted. Large producers such as New Hope and Muyuan forecast sharply higher first-half profits. Heavy rain in southern China was judged unlikely to affect large farms.

- Date: 2020-07-12 · published 2020-07-12T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/52132-high-pork-price-benefits-hog-breeders-amid-asf-concern-heavy-rainfall-global
- 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

High Chinese hog margins encourage fast herd rebuilding, which will increase demand for feed ingredients in coming months.

## Read by commodity

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

## Sources

- globaltimes.cn: https://www.globaltimes.cn/page/202007/1194291.shtml

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