# Genesus Global Market Report: China - August 2019
						 | The Pig Site

> China's pig inventory fell 32.2 percent year on year in July, and sow numbers were down 31.9 percent since the first ASF outbreak a year earlier. Slaughter hog prices have climbed steadily since May and have surpassed the 2016 record.

- Date: 2019-08-30 · published 2019-08-30T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/57566-genesus-global-market-report-china-august-2019-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Shrinking herd size reduces feed grain and meal demand in China, a bearish factor for US soymeal and corn exports, while the high hog price supports Chinese hog margins and restocking intentions.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-10-23 | [Genesus Global Market Report: China - October 2019
						 \| The Pig Site](https://feedsoft.ai/events/56567-genesus-global-market-report-china-october-2019-the-pig-site.md) | -2.5% | -5.2% |
| HOGS | 2020-10-06 | [ASF gap in China drives global protein inflation
						 \| The Pig Site](https://feedsoft.ai/events/50592-asf-gap-in-china-drives-global-protein-inflation-the-pig-site.md) | +2.7% | -8.9% |
| HOGS | 2019-03-21 | [China's pork imports to double in 2019 as swine fever hits local output
						 \| The Pig Site](https://feedsoft.ai/events/60093-china-s-pork-imports-to-double-in-2019-as-swine-fever-hits-local-output-the-pig.md) | +11.1% | +23.1% |
| HOGS | 2021-02-16 | [Jim Long Pork Commentary: US market continues to strengthen
						 \| The Pig Site](https://feedsoft.ai/events/4616-jim-long-pork-commentary-us-market-continues-to-strengthen-the-pig-site.md) | +8.9% | +19.4% |
| HOGS | 2021-12-31 | [Weekly global protein digest: China's tariff adjustment, S. Korea suspends Canadian beef imports
						 \| The Cattle Site](https://feedsoft.ai/events/43550-weekly-global-protein-digest-china-s-tariff-adjustment-s-korea-suspends.md) | +0.8% | +6.8% |
| CORN | 2019-01-11 | [The Year of the Pig Will Be a Pig of a Year for China's Hogs - Caixin Global](https://feedsoft.ai/events/61088-the-year-of-the-pig-will-be-a-pig-of-a-year-for-china-s-hogs-caixin-global.md) | +0.5% | +0.6% |
| CORN | 2019-04-14 | [Deadly Pig Disease to Reshape Global Soy Markets for Years - Bloomberg](https://feedsoft.ai/events/59632-deadly-pig-disease-to-reshape-global-soy-markets-for-years-bloomberg.md) | +0.4% | -2.5% |
| CORN | 2018-09-06 | [China's vast pig market in lockdown as African swine fever spreads](https://feedsoft.ai/events/63014-china-s-vast-pig-market-in-lockdown-as-african-swine-fever-spreads.md) | -2.1% | +1.4% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2019/08/genesus-global-market-report-china-august-2019

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