

(Posted on 21/06/19)
A May 2019 report from CoBank forecasts feed demand from China and Southeast Asia will drop significantly due to African Swine Fever, trimming U.S. feed and grain exports.
The report, “African Swine Fever Implications for U.S. Ag,” notes that it is yet unknown how much and for how long China’s pork industry will contract, but “it’s certain there will be significant implications for the U.S. animal protein and feed sectors.”
“ASF demand destruction will be especially painful for elevators, crushers, and feed mills that are focused on Chinese markets,” wrote report authors Will Sawyer, CoBank lead economist for animal protein, and Will Secor, CoBank economist for grain and farm supply. “Exports may not decline as severely for those companies that can pivot to the European Union and other markets outside China.”
Citing April figures from China’s Ministry of Agriculture, the report says China’s hog breeding herd is down 22 percent and the overall hog herd is down 21 percent compared to last year. Projections call for China to lose roughly one-third of its hog production over the next 12 to 18 months. If China’s hog herd declines as projected, the report predicts soybean meal consumption to decline by roughly 9 million metric tons (MMT) and corn consumption to drop by about 28 MMT.
Mitigating some of the negative impacts on feed demand are projections that Chinese consumers will be buying more imported pork and more poultry, beef and fish, CoBank said. In addition, demand for U.S. animal protein will grow, resulting in an increase in domestic feed demand. Elevators, crush facilities and feed mills positioned to fill domestic demand likely will benefit from this increase, the authors noted.
Rio Tinto has announced a 6% production year-on-year uplift, thereby delivering on strategy through... Read more
The Korea Trade Insurance Corporation (K-SURE) and Trafigura, a global leader in the commodities industry... Read more
BHP have released their Operational Review for the year ended 30 June 2025.BHP Chief Executive Officer... Read more
A strategic collaboration between Icon Gulf Trading DMCC (part of the Dynamic Group) and GeoServe Energy... Read more
SSAB and Metal Solutions have entered a long-term partnership for the supply of decarbonized steel with... Read more
The National Grain and Feed Association (NGFA) in the USA has applauded Congress for including a slate... Read more
Fertilizers Europe’s have released their reaction to the European Commission announcement on the... Read more
Bunge Global SA has confirmed that it has completed the previously announced sale of its North America... Read more
Following the successful debt raising at the end of April 2025, SSAB has secured an additional EUR 430... Read more
Despite China’s dominant position in securing commodities across Africa, there are still many... Read more