# COFCO Meat reports lower profits, continued expansion

> COFCO Meat Holdings reported 2017 net profit of 444.8 million yuan, down from 951.9 million in 2016, as hog prices slumped. The company said it will expand pig production through contract farming and build new pork factories in north and central China.

- Date: 2018-03-31 · published 2018-03-31T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/65977-cofco-meat-reports-lower-profits-continued-expansion
- 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

Continued expansion by a major state-owned producer signals sustained future growth in Chinese hog output, supporting long-term feed demand even as near-term margins weaken.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: neutral

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-reports/cofco-meat-reports-lower-profits-continued-expansion

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