# African Swine Fever shaking up world soybean market: USDA - Grain Central

> USDA reported that US soybean export prices fell 20% over the past year and that African swine fever has cut China's pig population by about 20%. USDA expects reduced Chinese import demand to keep pressuring global soybean prices. US export commitments to China were far below last year's level as of May 2.

- Date: 2019-05-27 · published 2019-05-27T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/59150-african-swine-fever-shaking-up-world-soybean-market-usda-grain-central
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Chinese demand for soymeal and soybeans from ASF-driven herd losses is a sustained bearish force on soybean and meal prices, relevant to feed costs.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -3.0% | -6.7% |
| SOY | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -1.1% | -0.1% |
| SOY | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.2% | +4.3% |
| SOY | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | +3.4% | +5.8% |
| SOY | 2021-03-10 | [Resurgence of African Swine Fever in China Threatens Global Grain Demand](https://feedsoft.ai/events/48100-resurgence-of-african-swine-fever-in-china-threatens-global-grain-demand.md) | -1.2% | -2.3% |
| SBM | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -1.1% | -2.9% |
| SBM | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -2.9% | -2.6% |
| SBM | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -4.1% | -0.5% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/african-swine-fever-shaking-up-world-soybean-market-usda/

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