# Lean Hogs Evade Support

> October lean hogs fell $2.70 to $59.30, their lowest close in over a year, after China imposed a new 10% tariff on US pork on top of existing duties. Live cattle also weakened after a new Chinese tariff on US beef and the Tyson plant fire.

- Date: 2019-08-26 · published 2019-08-26T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/10905-lean-hogs-evade-support
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

The added Chinese tariff cuts US pork export demand, which pressures domestic hog prices and adds to the burden of an already weak export market.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2019-09-02 | 1 | -3.5% | -4.8 | China's new tariff on US beef plus the Tyson plant fire weighed on live cattle in the days around Aug 26, adding trade-demand and packer-capacity pressure that fits the sell-off. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-03-28 | [U.S. livestock: Lean hogs limit down as export sales disappoint - Grainews](https://feedsoft.ai/events/60238-u-s-livestock-lean-hogs-limit-down-as-export-sales-disappoint-grainews.md) | +2.1% | +12.7% |
| HOGS | 2019-08-06 | [Lean hogs tumble, rattled by worsening U.S.-China trade ties](https://feedsoft.ai/events/57720-lean-hogs-tumble-rattled-by-worsening-u-s-china-trade-ties.md) | -0.6% | -16.2% |
| HOGS | 2018-07-17 | [U.S. livestock: CME lean hogs, live cattle end lower - AgCanada](https://feedsoft.ai/events/5218-u-s-livestock-cme-lean-hogs-live-cattle-end-lower-agcanada.md) | -10.7% | -26.8% |
| HOGS | 2020-06-02 | [Lean hog futures end lower on U.S.-China trade worries](https://feedsoft.ai/events/52771-lean-hog-futures-end-lower-on-u-s-china-trade-worries.md) | -11.2% | -18.2% |
| HOGS | 2018-04-02 | [China’s action trips up lean hog futures](https://feedsoft.ai/events/65663-china-s-action-trips-up-lean-hog-futures.md) | -6.4% | +10.9% |
| LCATTLE | 2018-07-17 | [U.S. livestock: CME lean hogs, live cattle end lower - AgCanada](https://feedsoft.ai/events/5218-u-s-livestock-cme-lean-hogs-live-cattle-end-lower-agcanada.md) | +1.8% | +0.3% |
| LCATTLE | 2019-06-03 | [Trade fights continue to batter U.S. live cattle, lean hog futures](https://feedsoft.ai/events/11384-trade-fights-continue-to-batter-u-s-live-cattle-lean-hog-futures.md) | -0.7% | -1.4% |
| LCATTLE | 2025-03-25 | [U.S. livestock: Lean hog futures gain, cattle mixed \| Farmtario](https://feedsoft.ai/events/25716-u-s-livestock-lean-hog-futures-gain-cattle-mixed-farmtario.md) | +0.3% | +1.1% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/technically-speaking/blog-post/2019/08/26/lean-hogs-evade-support

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