CME cattle, hogs dive by daily limits as China tariffs fuel sell-offs

After 121 past bearish trade events, Live Cattle moved a median -0.6% over 5 sessions (40% higher; middle half -1.6% to +0.8%), and -0.3% over 20.

• Nov 21, 2025U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted - Grainews-1.5%
• May 1, 2025Cattle markets react to China’s retaliatory tariffs+0.3%
• Jun 8, 2024Setbacks in US beef exports to China dampen August live cattle futures+1.3%
• Apr 3, 2018More CME hog losses as China pork tariff hike remains-1.9%
• Aug 23, 2018Hormel Foods cuts sales outlook as tariffs, meat glut bruise earnings | Food Dive+0.0%

After 87 past bearish trade events, Feeder Cattle moved a median +0.4% over 5 sessions (54% higher; middle half -3.2% to +1.9%), and +1.1% over 20.

• Nov 21, 2025U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted - Grainews-4.9%
• May 1, 2025Cattle markets react to China’s retaliatory tariffs+0.6%
• Apr 3, 2018More CME hog losses as China pork tariff hike remains+2.0%
• Jul 28, 2017Japan Beef Tariffs Shake Cattle Futures | Fox Business+1.9%
• Nov 7, 2025Cattle futures extend slide as beef supply outlook shifts - CME | The Cattle Site+4.6%

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.

• Nov 4, 2025Hog prices slip as China eases tariffs on US pork - CME | The Pig Site+0.4%
• Apr 3, 2018More CME hog losses as China pork tariff hike remains-2.7%
• Aug 23, 2018Hormel Foods cuts sales outlook as tariffs, meat glut bruise earnings | Food Dive-4.7%
• Jul 17, 2018U.S. livestock: CME lean hogs, live cattle end lower - AgCanada-10.7%
• Jul 9, 2018As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets-1.8%