# ANALYSIS: China-owned Smithfield signals fresh corn, soymeal demand blow

> Smithfield, the world's largest pork processor and China-owned, announced it will indefinitely close one of its largest pork plants. The article is a paywalled analysis that frames the closure as a blow to corn and soymeal demand.

- Date: 2020-04-13 · published 2020-04-13T12:00:00.000Z
- Category: disease · region US · magnitude medium
- Page: https://feedsoft.ai/events/53636-analysis-china-owned-smithfield-signals-fresh-corn-soymeal-demand-blow
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A major US pork plant closure cuts hog slaughter and reduces feed demand for corn and soymeal, which is bearish for those feed ingredients.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2020-04-15 | 1 | -10.9% | -4.7 | Smithfield's indefinite closure of a major pork plant on April 13 cut packing capacity, which reduces demand for live hogs and pressures hog futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | +2.3% | +21.6% |
| CORN | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.8% | +0.2% |
| CORN | 2019-04-24 | [Impacts of African Swine Fever on China's Feed Industry and Soy Demand - Rabobank](https://feedsoft.ai/events/59584-impacts-of-african-swine-fever-on-china-s-feed-industry-and-soy-demand-rabobank.md) | -1.5% | +5.3% |
| CORN | 2021-03-10 | [Resurgence of African Swine Fever in China Threatens Global Grain Demand](https://feedsoft.ai/events/48100-resurgence-of-african-swine-fever-in-china-threatens-global-grain-demand.md) | -9.5% | -0.3% |
| CORN | 2020-04-23 | [Closure of US meat plants raises more concerns over long-term corn feed demand](https://feedsoft.ai/events/53763-closure-of-us-meat-plants-raises-more-concerns-over-long-term-corn-feed-demand.md) | -2.4% | -0.3% |
| 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 | 2021-02-26 | [China's soymeal futures plunge on pig disease concerns](https://feedsoft.ai/events/48623-china-s-soymeal-futures-plunge-on-pig-disease-concerns.md) | -1.3% | -5.7% |
| SBM | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -4.1% | -0.5% |

## Sources

- agricensus.com: https://www.agricensus.com/Article/ANALYSIS-China-owned-Smithfield-signals-fresh-corn-soymeal-demand-blow-11363.html

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