# China's restaurants feel the heat as pork supplies plunge

> Pork prices in China have soared as supplies plunge, pushing consumers and restaurants toward cheaper poultry. Wholesale chicken prices are up 33% year on year as pork is substituted.

- Date: 2019-12-03 · published 2019-12-03T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/55716-china-s-restaurants-feel-the-heat-as-pork-supplies-plunge
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Demand shift from pork to poultry lifts chicken prices and supports poultry feed demand, a bullish signal for feed grains and meal in China.

## Read by commodity

- SBM: bullish ▲
- HOGS: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-06-18 | [China pork prices rise as ASF depletes herd \| Feed Strategy](https://feedsoft.ai/events/58588-china-pork-prices-rise-as-asf-depletes-herd-feed-strategy.md) | -6.2% | -6.6% |
| HOGS | 2019-03-01 | [Pigs fly: China pork producers surge as swine disease cuts supply](https://feedsoft.ai/events/60094-pigs-fly-china-pork-producers-surge-as-swine-disease-cuts-supply.md) | +1.7% | +35.0% |
| HOGS | 2019-05-23 | [ASF to send restaurant food costs higher](https://feedsoft.ai/events/59229-asf-to-send-restaurant-food-costs-higher.md) | -4.5% | -8.0% |
| HOGS | 2019-05-07 | [Chinese crisis hits pork supply](https://feedsoft.ai/events/59234-chinese-crisis-hits-pork-supply.md) | +0.7% | -1.7% |
| HOGS | 2019-09-13 | [China pork prices soar as herds hit by fever, farm closures \| AP News](https://feedsoft.ai/events/57088-china-pork-prices-soar-as-herds-hit-by-fever-farm-closures-ap-news.md) | -2.4% | -0.3% |
| SBM | 2019-05-07 | [Chinese crisis hits pork supply](https://feedsoft.ai/events/59234-chinese-crisis-hits-pork-supply.md) | -2.7% | +10.0% |
| SBM | 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) | +6.3% | +10.9% |
| SBM | 2019-09-18 | [Thailand’s gain as Chinese shun pork for chicken](https://feedsoft.ai/events/57212-thailand-s-gain-as-chinese-shun-pork-for-chicken.md) | +0.4% | +4.7% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-swinefever-restaurants/chinas-restaurants-feel-the-heat-as-pork-supplies-plunge-idUSKBN1Y72QL/

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