# China Vows to Ensure There’s Enough Pork to Eat - Caixin Global

> China pledged to ensure pork supply after African swine fever wiped out about a third of its hog herd, setting a 95% pork self-sufficiency target. The State Council issued guidelines with increased subsidies to boost domestic production, and pork prices rose 46.7% in August.

- Date: 2019-09-12 · published 2019-09-12T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/57092-china-vows-to-ensure-there-s-enough-pork-to-eat-caixin-global
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A self-sufficiency target limits import growth for pork and reduces the expected rebound in imported feed demand, though domestic herd rebuilding will eventually lift feed use. Import demand for soybeans and meal remains subdued in the near term.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-06-30 | [Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global](https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global.md) | +0.4% | -0.5% |
| HOGS | 2021-06-17 | [China’s Plummeting Hog Prices Trigger New Mechanism That May Lead to State Buying  - Caixin Global](https://feedsoft.ai/events/46560-china-s-plummeting-hog-prices-trigger-new-mechanism-that-may-lead-to-state.md) | -7.0% | -5.3% |
| HOGS | 2017-09-03 | [Genesus Global Market Report: China
						 \| The Pig Site](https://feedsoft.ai/events/68944-genesus-global-market-report-china-the-pig-site.md) | -2.8% | -13.9% |
| HOGS | 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) | +0.1% | +4.5% |
| HOGS | 2017-06-06 | [Jim Long Pork Commentary: China Update
						 \| The Pig Site](https://feedsoft.ai/events/70484-jim-long-pork-commentary-china-update-the-pig-site.md) | +2.2% | +13.7% |
| SBM | 2019-02-05 | [The Global Miller: Troubled China opts to reduce protein in animal feed](https://feedsoft.ai/events/60666-the-global-miller-troubled-china-opts-to-reduce-protein-in-animal-feed.md) | -1.8% | -1.6% |
| SBM | 2016-12-30 | [Argentina: New plan to reduce the export tax on soybean - Global Trade Alert](https://feedsoft.ai/events/73319-argentina-new-plan-to-reduce-the-export-tax-on-soybean-global-trade-alert.md) | -2.3% | +6.2% |
| SBM | 2024-03-28 | [China's Hog Herd Size to Remain in Surplus This Year Despite Smaller Sow Target - Pork Business](https://feedsoft.ai/events/31185-china-s-hog-herd-size-to-remain-in-surplus-this-year-despite-smaller-sow-target.md) | -1.7% | +1.6% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2019-09-12/china-vows-to-ensure-theres-enough-pork-to-eat-101461542.html

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