# China pig farmer profits soar after disease wipes out third of herd, boosts prices

> China's national average hog price reached 24.6 yuan per kg on Aug. 19, surpassing the 2016 record of 21 yuan. Prices have risen sharply since June as production slumped after African swine fever wiped out roughly a third of the herd.

- Date: 2019-08-20 · published 2019-08-20T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/57565-china-pig-farmer-profits-soar-after-disease-wipes-out-third-of-herd-boosts
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Sharply lower Chinese hog supply lifts domestic pork prices and signals sustained pressure on feed demand over time, though the unusual summer rally could reverse once seasonal demand patterns shift.

## Read by commodity

- SBM: neutral
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| HOGS | 2019-03-29 | [Hog prices rise sharply in the U.S. after new data shows toll of African swine fever on China's herd](https://feedsoft.ai/events/60241-hog-prices-rise-sharply-in-the-u-s-after-new-data-shows-toll-of-african-swine.md) | +3.0% | +12.5% |
| HOGS | 2019-03-22 | [China urges subsidies to help disease-hit pig farms restock](https://feedsoft.ai/events/60091-china-urges-subsidies-to-help-disease-hit-pig-farms-restock.md) | +6.9% | +20.0% |
| HOGS | 2018-08-31 | [Hog prices poised to soar as deadly swine disease emerges in China - MarketWatch](https://feedsoft.ai/events/63673-hog-prices-poised-to-soar-as-deadly-swine-disease-emerges-in-china-marketwatch.md) | +7.0% | +28.4% |
| 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% |
| SBM | 2019-07-26 | [China's duck farmers cash in as disease slashes pork output](https://feedsoft.ai/events/58086-china-s-duck-farmers-cash-in-as-disease-slashes-pork-output.md) | -3.5% | -3.4% |
| SBM | 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) | -2.1% | -4.9% |
| SBM | 2018-10-19 | [China says hog prices to rise ahead of Lunar New Year amid swine fever outbreaks](https://feedsoft.ai/events/62543-china-says-hog-prices-to-rise-ahead-of-lunar-new-year-amid-swine-fever-outbreaks.md) | -3.8% | -3.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-china-swinefever-profits-graphic/china-pig-farmer-profits-soar-after-disease-wipes-out-third-of-herd-boosts-prices-idUSKCN1VA075/

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