# Lean Hog Futures Prices Were Hit Hard by the U.S.-Mexico Trade Row. Will Hog Bulls Again Show Resilience?

> April lean hog futures went limit-down by $4.00/cwt on Feb. 3 after reports that new US tariffs would hit major trading partners, including Mexico, which takes over 25% of US pork exports. Trump and Mexican President Sheinbaum then agreed to delay new tariffs on Mexico until March 1, while China launched targeted retaliatory tariffs.

- Date: 2025-02-04 · published 2025-02-04T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/26199-lean-hog-futures-prices-were-hit-hard-by-the-u-s-mexico-trade-row-will-hog
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Potential loss of Mexican pork export demand would leave more pork at home and push domestic hog prices lower. The trade dispute keeps hog futures volatile.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2025-12-19 | [Pig outlook: Lean hog futures prices trending up
						 \| The Pig Site](https://feedsoft.ai/events/21671-pig-outlook-lean-hog-futures-prices-trending-up-the-pig-site.md) | +0.5% | +1.4% |
| HOGS | 2020-06-02 | [Lean hog futures end lower on U.S.-China trade worries](https://feedsoft.ai/events/52771-lean-hog-futures-end-lower-on-u-s-china-trade-worries.md) | -11.2% | -18.2% |
| HOGS | 2026-04-02 | [Weekly pig outlook: Lean hog futures prices decrease
						 \| The Pig Site](https://feedsoft.ai/events/19871-weekly-pig-outlook-lean-hog-futures-prices-decrease-the-pig-site.md) | -0.3% | +3.1% |
| HOGS | 2019-06-03 | [Trade fights continue to batter U.S. live cattle, lean hog futures](https://feedsoft.ai/events/11384-trade-fights-continue-to-batter-u-s-live-cattle-lean-hog-futures.md) | -2.8% | -9.3% |
| HOGS | 2020-11-11 | [U.S. Hog Futures React to U.S.-China Trade Tensions - Pork Business](https://feedsoft.ai/events/50299-u-s-hog-futures-react-to-u-s-china-trade-tensions-pork-business.md) | -0.6% | -3.0% |

## Sources

- barchart.com: https://www.barchart.com/story/news/30760651/lean-hog-futures-prices-were-hit-hard-by-the-u-s-mexico-trade-row-will-hog-bulls-again-show-resilience

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