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April lean hog futures slid 70 cents to $83.675 on February 28 after a weekly drop of $4.00. The decline followed the Trump administration's announcement that tariffs on Mexican, Canadian and Chinese goods would take effect the following week, and those countries are three of the top five US pork importers.
Fears of retaliatory tariffs or reduced purchases of US pork from the top importers pressure hog futures, with the downside depending on whether those countries respond with tariffs.
profarmer.comPro Farmer EditorsFeb 28, 2025After 123 past bearish trade events, HOGS moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
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.
