# China pork prices soar as herds hit by fever, farm closures | AP News

> Chinese pork prices rose 46.7% year on year in August, adding 1.08 percentage points to consumer inflation of 2.8%. Pork accounts for more than 60% of Chinese meat consumption, so the price spike is hitting household budgets.

- Date: 2019-09-13 · published 2019-09-13T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/57088-china-pork-prices-soar-as-herds-hit-by-fever-farm-closures-ap-news
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Record pork prices encourage herd rebuilding and feed demand over time, but in the near term they reflect a shrunken hog supply. This is supportive for hog prices and feed ingredients tied to pig production.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-03-28 | [African Swine Fever in China Helps Boost U.S. Hog Prices - Farm Policy News](https://feedsoft.ai/events/60239-african-swine-fever-in-china-helps-boost-u-s-hog-prices-farm-policy-news.md) | +2.1% | +12.7% |
| 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 | 2018-11-29 | [China mulls stockpiling pork to support farmers hit by swine fever](https://feedsoft.ai/events/62040-china-mulls-stockpiling-pork-to-support-farmers-hit-by-swine-fever.md) | -1.2% | +0.3% |
| HOGS | 2019-08-20 | [China pig farmer profits soar after disease wipes out third of herd, boosts prices](https://feedsoft.ai/events/57565-china-pig-farmer-profits-soar-after-disease-wipes-out-third-of-herd-boosts.md) | -2.9% | -11.2% |
| HOGS | 2019-08-01 | [Poultry prices up amid swine fever in China](https://feedsoft.ai/events/57732-poultry-prices-up-amid-swine-fever-in-china.md) | -0.8% | -15.9% |

## Sources

- apnews.com: https://apnews.com/general-news-8a45620aceb1488aa9344ffb32379729

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