# U.S. livestock: Hogs weaken on profit taking, cattle mixed - Manitoba Co-operator

> CME lean hog futures slipped from a 3.5-week high on profit-taking. USDA estimates China's 2019 hog output fell by 195 million head due to African swine fever and expects another 80 million pigs to die in 2020.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: disease · region China · magnitude high
- Page: https://feedsoft.ai/events/12066-u-s-livestock-hogs-weaken-on-profit-taking-cattle-mixed-manitoba-co-operator
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The large loss of Chinese hog output cuts feed demand and pushes China to import more pork, supporting global hog prices while reducing soymeal use.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-08-27 | [Fever or trade talk briefly ignite U.S. hog market \| Western Livestock Journal](https://feedsoft.ai/events/63676-fever-or-trade-talk-briefly-ignite-u-s-hog-market-western-livestock-journal.md) | -3.6% | +17.2% |
| HOGS | 2019-04-12 | [U.S. livestock: CME lean hogs up third straight session - Country Guide](https://feedsoft.ai/events/7154-u-s-livestock-cme-lean-hogs-up-third-straight-session-country-guide.md) | +8.4% | +5.4% |
| HOGS | 2020-02-07 | [Livestock Markets Strong, Grains Flat, Says CattleFax](https://feedsoft.ai/events/54716-livestock-markets-strong-grains-flat-says-cattlefax.md) | -3.9% | +5.7% |
| HOGS | 2018-10-29 | [Livestock Lowdown: Monday Midday Livestock Market Summary - Cattle Futures Giving Back Gains](https://feedsoft.ai/events/10112-livestock-lowdown-monday-midday-livestock-market-summary-cattle-futures-giving.md) | -0.1% | -4.8% |
| HOGS | 2026-04-06 | [Live Cattle Follow Skyrocketing Cash, JBS Plant Strike Ending: Hogs Rally on FMD in China - AgWeb](https://feedsoft.ai/events/10268-live-cattle-follow-skyrocketing-cash-jbs-plant-strike-ending-hogs-rally-on-fmd.md) | +0.5% | +2.4% |
| SBM | 2020-04-14 | [U.S. grains: Soybeans drop as livestock markets drag soymeal lower - Grainews](https://feedsoft.ai/events/53721-u-s-grains-soybeans-drop-as-livestock-markets-drag-soymeal-lower-grainews.md) | -1.0% | -0.8% |
| SBM | 2019-01-11 | [The Year of the Pig Will Be a Pig of a Year for China's Hogs - Caixin Global](https://feedsoft.ai/events/61088-the-year-of-the-pig-will-be-a-pig-of-a-year-for-china-s-hogs-caixin-global.md) | -0.1% | -2.1% |
| SBM | 2024-05-30 | [Minnesota egg operation loses 1.3M chickens to bird flu, a record for a single site](https://feedsoft.ai/events/30277-minnesota-egg-operation-loses-1-3m-chickens-to-bird-flu-a-record-for-a-single.md) | -3.0% | -3.6% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/u-s-livestock-hogs-weaken-on-profit-taking-cattle-mixed/

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