Loading…
China canceled 12,000 metric tons of US pork orders in the week reported April 24, the largest cancellation since 2020. Chinese retaliatory duties bring the total tariff on US pork to about 172%, and US pork export sales fell to their lowest since October.
Loss of China as an export outlet adds pressure to US pork and hog prices, as domestic supply must absorb product that would otherwise be exported.
nationalhogfarmer.comBloombergMay 1, 2025After 123 past bearish trade events, 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.
China's cancellation of US pork orders and its roughly 172% tariff cut export demand, but this was already known by May 1, so it is more likely background than a driver of the rally in the week ending May 15.
