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April lean hog futures fell $3.925 to $84.375 on Thursday after the US announced 25% tariffs on Mexico and Canada effective March 4 and an additional 10% on China. Concern centered on retaliation or reduced US pork purchases, as Mexico is the largest buyer of US pork.
Threatened loss of key export markets for US pork weighs on hog futures and cash demand, pressuring prices unless tariff retaliation is avoided.
profarmer.comPro Farmer EditorsFeb 27, 2025After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Same-day report of April hog futures falling $3.925 after the US confirmed 25% tariffs on Mexico and Canada, with fears of retaliation or reduced pork purchases by Mexico, the top buyer of US pork (trade flow/demand).
