# China pork price slide seen forcing U.S. Smithfield to boost exports elsewhere

> Chinese pork prices have fallen to an average of 15.2 yuan per kg in 2017 from a record 21 yuan, reducing pork imports in the first ten months. Forecasts see prices falling further to 13 or 14 yuan per kg next year as large farms expand.

- Date: 2017-11-26 · published 2017-11-26T12:00:00.000Z
- Category: market · region China · magnitude medium
- Page: https://feedsoft.ai/events/67975-china-pork-price-slide-seen-forcing-u-s-smithfield-to-boost-exports-elsewhere
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower Chinese pork prices and shrinking imports reduce global pork demand, pressuring U.S. hog exporters to find other markets. Weaker hog prices may also slow herd expansion and feed demand.

## Read by commodity

- HOGS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/china-pork-wh-group-prices/rpt-china-pork-price-slide-seen-forcing-us-smithfield-to-boost-exports-elsewhere-idUSL3N1NW072/

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