# Chinese attempt to crack pig cycle with new pork price index

> The Dalian Commodity Exchange released China's first official lean meat pork price index on March 24. It is calculated from 89 large pork processors across 16 regions, representing 32% of national supply, and will underpin future hog futures contracts.

- Date: 2017-04-05 · published 2017-04-05T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/71520-chinese-attempt-to-crack-pig-cycle-with-new-pork-price-index
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The index is a step toward hog futures and government monitoring of the pig cycle, which could dampen extreme domestic price swings and change the timing of Chinese import demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-04-21 | [China launches a pork-price index to smooth the “pig cycle”](https://feedsoft.ai/events/71518-china-launches-a-pork-price-index-to-smooth-the-pig-cycle.md) | +1.1% | +20.8% |
| HOGS | 2021-06-30 | [Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global](https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global.md) | +0.4% | -0.5% |
| HOGS | 2024-03-04 | [China tries to stabilise pig population as pork prices plunge](https://feedsoft.ai/events/31188-china-tries-to-stabilise-pig-population-as-pork-prices-plunge.md) | -1.7% | +0.9% |
| HOGS | 2022-12-28 | [NDRC in coordination with Chinese farmers to stabilise supply - European Pork \| European Pork, the Smart Choice](https://feedsoft.ai/events/38236-ndrc-in-coordination-with-chinese-farmers-to-stabilise-supply-european-pork.md) | -5.4% | -12.7% |
| HOGS | 2017-09-29 | [Chinese pig prices rise as Beijing shutters polluting farms](https://feedsoft.ai/events/68941-chinese-pig-prices-rise-as-beijing-shutters-polluting-farms.md) | +5.3% | +16.7% |
| SBM | 2017-04-21 | [China launches a pork-price index to smooth the “pig cycle”](https://feedsoft.ai/events/71518-china-launches-a-pork-price-index-to-smooth-the-pig-cycle.md) | +0.8% | -0.1% |
| SBM | 2021-06-30 | [Now With Too Many Pigs, China Moves to Prop Up Pork Prices - Caixin Global](https://feedsoft.ai/events/46557-now-with-too-many-pigs-china-moves-to-prop-up-pork-prices-caixin-global.md) | +1.8% | +2.3% |
| SBM | 2024-03-04 | [China tries to stabilise pig population as pork prices plunge](https://feedsoft.ai/events/31188-china-tries-to-stabilise-pig-population-as-pork-prices-plunge.md) | +0.5% | -2.9% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/hog-prices/chinese-attempt-to-crack-pig-cycle-with-new-pork-price-index

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