# Soy Prices Are in a Trough After China’s Sick-Pig Slaughter

> Soy prices are reported to be in a trough after China's sick-pig slaughter. China is the world's largest soybean importer, mostly crushing beans into oil and soymeal for its hog herd of over 400 million.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: disease · region China · magnitude low
- Page: https://feedsoft.ai/events/61089-soy-prices-are-in-a-trough-after-china-s-sick-pig-slaughter
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Reduced Chinese hog numbers cut soymeal demand, keeping soybean and meal prices depressed until herd recovery.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-03-04 | [Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global](https://feedsoft.ai/events/48271-hog-disease-outbreak-in-china-triggers-surge-in-u-s-prices-caixin-global.md) | +0.1% | +1.8% |
| SOY | 2019-01-16 | [Trade war, sick hogs make China soy purchases hard to predict: Braun](https://feedsoft.ai/events/61085-trade-war-sick-hogs-make-china-soy-purchases-hard-to-predict-braun.md) | +2.4% | +2.6% |
| SOY | 2019-09-27 | [Fatter pigs, new farms to boost China soymeal demand](https://feedsoft.ai/events/57086-fatter-pigs-new-farms-to-boost-china-soymeal-demand.md) | +2.6% | +5.0% |
| SOY | 2018-12-03 | [ASF tempers bullish soybean hopes after China trade truce - Brownfield Ag News](https://feedsoft.ai/events/61548-asf-tempers-bullish-soybean-hopes-after-china-trade-truce-brownfield-ag-news.md) | +1.7% | +0.0% |
| SOY | 2021-02-26 | [China's soymeal futures plunge on pig disease concerns](https://feedsoft.ai/events/48623-china-s-soymeal-futures-plunge-on-pig-disease-concerns.md) | +0.7% | +0.6% |
| SBM | 2019-07-30 | [Pig Stocks Are Dwindling, Pork Prices Are Rising as China Battles Swine Fever - Caixin Global](https://feedsoft.ai/events/58085-pig-stocks-are-dwindling-pork-prices-are-rising-as-china-battles-swine-fever.md) | -3.1% | -3.7% |
| SBM | 2019-01-16 | [Trade war, sick hogs make China soy purchases hard to predict: Braun](https://feedsoft.ai/events/61085-trade-war-sick-hogs-make-china-soy-purchases-hard-to-predict-braun.md) | +1.2% | +0.3% |
| SBM | 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) | +3.1% | +0.4% |

## Sources

- thestar.com: https://www.thestar.com/business/soy-prices-are-in-a-trough-after-chinas-sick-pig-slaughter/article_71293966-f518-5c90-a63f-8a109f4391e6.html
- wsj.com: https://www.wsj.com/articles/soy-prices-are-in-a-trough-after-chinas-sick-pig-slaughter-11548676801

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