# Rabobank: China’s hog feed consumption to fall 40% | Feed Strategy

> Rabobank forecasts China's hog feed consumption will fall 40% in 2019 and overall animal feed consumption will drop 17%, with a rebound of 8% in 2020. Soybean meal demand is expected to fall 6% and feed corn demand 12% in 2019.

- Date: 2019-10-03 · published 2019-10-03T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/56565-rabobank-china-s-hog-feed-consumption-to-fall-40-feed-strategy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A large drop in Chinese feed demand, especially for corn and soymeal, removes a major source of import demand and is bearish for feed grain and protein prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-04 | [Coronavirus complicates ASF situation in China \| Feed Strategy](https://feedsoft.ai/events/54125-coronavirus-complicates-asf-situation-in-china-feed-strategy.md) | +1.1% | -0.6% |
| 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 | 2020-04-22 | [ASF, COVID-19 shape 2020 pig and feed production \| Feed Strategy](https://feedsoft.ai/events/53521-asf-covid-19-shape-2020-pig-and-feed-production-feed-strategy.md) | -1.2% | +1.6% |
| CORN | 2019-11-15 | [ADM exec: ASF in China positively affecting margins \| Feed Strategy](https://feedsoft.ai/events/56057-adm-exec-asf-in-china-positively-affecting-margins-feed-strategy.md) | -0.7% | -2.8% |
| CORN | 2019-06-07 | [African swine fever hits a third Polish pig farm \| Feed Strategy](https://feedsoft.ai/events/58464-african-swine-fever-hits-a-third-polish-pig-farm-feed-strategy.md) | +3.6% | +3.5% |
| SBM | 2019-09-11 | [ASF drives Chinese soy meal consumption to 4-year low \| Feed Strategy](https://feedsoft.ai/events/57087-asf-drives-chinese-soy-meal-consumption-to-4-year-low-feed-strategy.md) | +0.4% | +3.2% |
| SBM | 2020-03-04 | [Coronavirus complicates ASF situation in China \| Feed Strategy](https://feedsoft.ai/events/54125-coronavirus-complicates-asf-situation-in-china-feed-strategy.md) | -2.6% | +5.8% |
| SBM | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +1.2% | +8.8% |

## Sources

- feedstrategy.com: https://www.feedstrategy.com/animal-health-veterinary/african-swine-fever/article/15440818/rabobank-chinas-hog-feed-consumption-to-fall-40

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