# China-exposed commodities take a COVID-control tumble: Russell

> Iron ore futures in Dalian fell nearly 11% on a Monday in late April 2022 as Beijing ordered mass COVID testing and lockdown fears grew. Copper and aluminum also slid to their lowest since early February, with Shanghai in its fourth week of restrictions.

- Date: 2022-04-26 · published 2022-04-26T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/9207-china-exposed-commodities-take-a-covid-control-tumble-russell
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weaker Chinese industrial demand and lockdown-driven slowdowns reduce China's import appetite for commodities, which can weigh on feed demand from its hog and poultry sectors and on overall soybean and meal import needs.

## Read by commodity

- SOY: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-10-03 | [Rabobank: China’s hog feed consumption to fall 40% \| Feed Strategy](https://feedsoft.ai/events/56565-rabobank-china-s-hog-feed-consumption-to-fall-40-feed-strategy.md) | +1.1% | +0.2% |
| SOY | 2019-01-28 | [Soy Prices Are in a Trough After China’s Sick-Pig Slaughter](https://feedsoft.ai/events/61089-soy-prices-are-in-a-trough-after-china-s-sick-pig-slaughter.md) | -0.8% | -1.5% |
| SOY | 2022-09-05 | [China’s yuan touches 2-year low on dollar strength, COVID resurgence - Markets - Business Recorder](https://feedsoft.ai/events/12274-china-s-yuan-touches-2-year-low-on-dollar-strength-covid-resurgence-markets.md) | +2.6% | -9.0% |
| SOY | 2020-02-18 | [India's poultry sales decline amid coronavirus rumors linked to chickens](https://feedsoft.ai/events/54753-india-s-poultry-sales-decline-amid-coronavirus-rumors-linked-to-chickens.md) | -2.2% | -8.1% |
| SOY | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +6.2% | +17.8% |
| HOGS | 2020-10-01 | [China's pig herd rebounds after swine fever, but pork supply will take time to recover \| Financial Post](https://feedsoft.ai/events/50641-china-s-pig-herd-rebounds-after-swine-fever-but-pork-supply-will-take-time-to.md) | +3.4% | -4.9% |
| HOGS | 2019-01-28 | [Soy Prices Are in a Trough After China’s Sick-Pig Slaughter](https://feedsoft.ai/events/61089-soy-prices-are-in-a-trough-after-china-s-sick-pig-slaughter.md) | -3.1% | -5.7% |
| HOGS | 2020-07-13 | [China Brief \| Edition 048: Cargill beef banned but other exports see gains Canada West FoundationCanada West Foundation](https://feedsoft.ai/events/52095-china-brief-edition-048-cargill-beef-banned-but-other-exports-see-gains-canada.md) | +9.6% | +10.6% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/china-exposed-commodities-take-a-covid-control-tumble-russell

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