
April lean hog futures fell $0.15 to $90.90 on April 1, hitting a nine-week low as the cash rally stalled. Trump said he will meet Xi Jinping in Beijing on May 14–15 after the Iran-related postponement, with agriculture and Phase One enforcement on the agenda.
Weak cash hog prices pressure producer margins, while a US–China summit could support future US farm export demand if agricultural purchases are agreed.
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.
After 250 past neutral trade events, Soybeans moved a median +0.0% over 5 sessions (50% higher; middle half -1.4% to +1.6%), and -0.2% over 20.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.