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Livestock futures fell at the start of the week after an immediate 25 percent tariff was announced on US pork and variety meats going to China. Lean hog futures for spring and early summer dropped the daily limit.
Losing a key export market pushes more pork into the domestic market, which pressures hog prices and lowers demand for hog feed.
thepigsite.comGlobal Ag MediaApr 3, 2018After 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.
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.
