# U.S. livestock: Lean hog futures fall after Mexican election - AgCanada

> Lean hog futures fell on June 3 after the Mexican peso weakened to its lowest against the dollar since November following Mexico's ruling party election result. Cattle futures ticked up on summer beef demand expectations, while boxed beef rose.

- Date: 2024-06-03 · published 2024-06-03T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/29919-u-s-livestock-lean-hog-futures-fall-after-mexican-election-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A weaker peso makes US pork more expensive for Mexico, the largest export market, pressuring hog prices. Peso moves are a key link to pork export demand.

## Read by commodity

- HOGS: bearish ▼
- USDMXN: bearish ▼
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-06-23 | [Hog, live cattle futures fall on recession fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/41079-hog-live-cattle-futures-fall-on-recession-fears-cme-the-beef-site.md) | -1.1% | +4.5% |
| HOGS | 2020-04-01 | [U.S. livestock: Cattle, hogs limit down on coronavirus fears - Grainews](https://feedsoft.ai/events/6601-u-s-livestock-cattle-hogs-limit-down-on-coronavirus-fears-grainews.md) | -14.7% | -4.8% |
| HOGS | 2020-04-07 | [Coronavirus Sends Crop and Livestock Prices into a Tailspin \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/5743-coronavirus-sends-crop-and-livestock-prices-into-a-tailspin-farm-bureau-intel.md) | -1.8% | +35.8% |
| HOGS | 2025-07-28 | [Sharp drop in hog prices this fall?](https://feedsoft.ai/events/23907-sharp-drop-in-hog-prices-this-fall.md) | -0.8% | -10.2% |
| HOGS | 2023-10-03 | [Livestock Lowdown: Tuesday Closing Livestock Market Update - Economic Pressure Sends Complex Plummeting](https://feedsoft.ai/events/10394-livestock-lowdown-tuesday-closing-livestock-market-update-economic-pressure.md) | +0.2% | -10.0% |
| LCATTLE | 2023-01-05 | [Global uncertainties affect beef production](https://feedsoft.ai/events/37727-global-uncertainties-affect-beef-production.md) | +0.1% | -0.5% |
| LCATTLE | 2018-06-26 | [Argentine agriculture investments could prove elusive](https://feedsoft.ai/events/64374-argentine-agriculture-investments-could-prove-elusive.md) | -0.4% | +2.8% |
| LCATTLE | 2021-12-22 | [Turning the Page on a Year of Transition \| Ohio BEEF Cattle Letter](https://feedsoft.ai/events/43743-turning-the-page-on-a-year-of-transition-ohio-beef-cattle-letter.md) | +0.8% | +0.9% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-lean-hog-futures-fall-after-mexican-election

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