# Livestock Analysis | Retaliatory tariff concerns sink hog futures - Pro Farmer

> 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.

- Date: 2025-02-27 · published 2025-02-27T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/10617-livestock-analysis-retaliatory-tariff-concerns-sink-hog-futures-pro-farmer
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Threatened loss of key export markets for US pork weighs on hog futures and cash demand, pressuring prices unless tariff retaliation is avoided.

## Read by commodity

- HOGS: bearish ▼
- CANMEAL: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2025-02-27 | 1 | -2.3% | -3.4 | 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). |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2025-02-28 | [Livestock Analysis \| Hogs, cattle forge sizable weekly losses - Pro Farmer](https://feedsoft.ai/events/10620-livestock-analysis-hogs-cattle-forge-sizable-weekly-losses-pro-farmer.md) | +1.6% | +1.6% |
| HOGS | 2025-02-27 | [Hogs Posting Losses on Tariff Concerns](https://feedsoft.ai/events/10623-hogs-posting-losses-on-tariff-concerns.md) | -1.7% | -0.4% |
| HOGS | 2018-07-18 | [U.S. livestock: CME cattle rise but hog futures weaken - Grainews](https://feedsoft.ai/events/5215-u-s-livestock-cme-cattle-rise-but-hog-futures-weaken-grainews.md) | -4.1% | -21.5% |
| HOGS | 2018-04-03 | [CME: Livestock Futures Markets Down at Start of W14
						 \| The Pig Site](https://feedsoft.ai/events/11971-cme-livestock-futures-markets-down-at-start-of-w14-the-pig-site.md) | -2.7% | +15.6% |
| HOGS | 2025-03-04 | [Grain Markets Sink on Tariff Retaliation: How Long Will It Take To Price It In?](https://feedsoft.ai/events/12568-grain-markets-sink-on-tariff-retaliation-how-long-will-it-take-to-price-it-in.md) | +2.5% | +1.6% |

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/livestock-analysis/livestock-analysis-retaliatory-tariff-concerns-sink-hog-futures

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