# Measures are taken to boost pork supply - Chinadaily.com.cn

> China is offering fiscal subsidies and expanded insurance to support pig farm construction and contain high pork prices. Pork prices averaged 51.22 yuan per kg in late November, the fourth weekly decline, after more than doubling from June levels by October.

- Date: 2019-12-30 · published 2019-12-30T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/55594-measures-are-taken-to-boost-pork-supply-chinadaily-com-cn
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Policy support for farm expansion points to a larger hog herd and higher feed demand later, though falling pork prices in the near term reduce immediate feed pull.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-06-04 | [Measures put forth to gather momentum, jolt hog industry - Chinadaily.com.cn](https://feedsoft.ai/events/52607-measures-put-forth-to-gather-momentum-jolt-hog-industry-chinadaily-com-cn.md) | -6.1% | -12.9% |
| HOGS | 2022-11-16 | [China's pork prices to stay relatively stable: official - Chinadaily.com.cn](https://feedsoft.ai/events/38679-china-s-pork-prices-to-stay-relatively-stable-official-chinadaily-com-cn.md) | -1.5% | -5.0% |
| HOGS | 2020-07-14 | [Tight Chinese pork supply to ease by fourth quarter: agriculture official – China Economic Review](https://feedsoft.ai/events/52130-tight-chinese-pork-supply-to-ease-by-fourth-quarter-agriculture-official-china.md) | +8.0% | +13.6% |
| HOGS | 2020-03-05 | [Recovery of pig herd showing positive signs - Chinadaily.com.cn](https://feedsoft.ai/events/54126-recovery-of-pig-herd-showing-positive-signs-chinadaily-com-cn.md) | +0.8% | -9.6% |
| HOGS | 2019-12-01 | [China must recover pig production, stabilise pork supply - vice premier](https://feedsoft.ai/events/55590-china-must-recover-pig-production-stabilise-pork-supply-vice-premier.md) | -0.4% | +8.4% |
| SBM | 2022-02-23 | [China to release soybeans, soy oil from central reserves to boost supplies](https://feedsoft.ai/events/8762-china-to-release-soybeans-soy-oil-from-central-reserves-to-boost-supplies.md) | +2.3% | +6.0% |
| SBM | 2019-09-28 | [Xinhua Headlines: China promotes large pig farms to ensure stable pork supply - Xinhua \| English.news.cn](https://feedsoft.ai/events/57089-xinhua-headlines-china-promotes-large-pig-farms-to-ensure-stable-pork-supply.md) | +3.1% | +4.6% |
| SBM | 2020-03-05 | [Recovery of pig herd showing positive signs - Chinadaily.com.cn](https://feedsoft.ai/events/54126-recovery-of-pig-herd-showing-positive-signs-chinadaily-com-cn.md) | -3.0% | +3.2% |

## Sources

- chinadaily.com.cn: http://www.chinadaily.com.cn/a/201912/31/WS5e0ab68ba310cf3e35581b47.html

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