
USMEF estimates US exporters lost $7 million per week after Mexico restricted pork offal imports following a pseudorabies detection in Iowa in May. Some shipments have resumed, but restrictions remain for Iowa and Texas, and source verification is creating difficulties.
Lost access to Mexico reduces demand for US pork variety meats, which weighs on hog byproduct values. Offal is a modest share of hog value, so the impact on lean hog prices is limited.
After 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.