# U.S. livestock: Cattle lower on technical trading, JBS-China export news - AgCanada

> China suspended beef imports from a JBS plant in Greeley, Colorado after ractopamine residues were found in beef destined for China. Cattle futures fell, with the August live cattle contract posting its biggest percentage drop since May 1, and lean hogs also declined.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/30400-u-s-livestock-cattle-lower-on-technical-trading-jbs-china-export-news-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Loss of a Chinese export outlet for a major beef packer adds pressure on US cattle and hog demand, though the impact is limited to one plant.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-07-17 | [U.S. livestock: CME lean hogs, live cattle end lower - AgCanada](https://feedsoft.ai/events/5218-u-s-livestock-cme-lean-hogs-live-cattle-end-lower-agcanada.md) | -10.7% | -26.8% |
| HOGS | 2025-02-28 | [Grain and Livestock Mostly Lower on Technical Selling and Tariff Uncertainty](https://feedsoft.ai/events/10619-grain-and-livestock-mostly-lower-on-technical-selling-and-tariff-uncertainty.md) | +1.6% | +1.6% |
| HOGS | 2019-09-20 | [U.S. livestock: Hogs drop as China delegation cancels farm visits - AgCanada](https://feedsoft.ai/events/57226-u-s-livestock-hogs-drop-as-china-delegation-cancels-farm-visits-agcanada.md) | +0.3% | +9.7% |
| HOGS | 2020-01-29 | [U.S. livestock: Hogs, cattle sink to multi-month lows - Grainews](https://feedsoft.ai/events/6706-u-s-livestock-hogs-cattle-sink-to-multi-month-lows-grainews.md) | -8.8% | -4.5% |
| HOGS | 2019-11-20 | [U.S. livestock: Hogs plunge on fresh doubts of China trade prospects - Grainews](https://feedsoft.ai/events/56223-u-s-livestock-hogs-plunge-on-fresh-doubts-of-china-trade-prospects-grainews.md) | -2.0% | +6.1% |
| FCATTLE | 2024-09-10 | [U.S. beef exports lower as cattle prices turn negative](https://feedsoft.ai/events/28245-u-s-beef-exports-lower-as-cattle-prices-turn-negative.md) | +1.5% | +4.7% |
| FCATTLE | 2020-01-29 | [U.S. livestock: Hogs, cattle sink to multi-month lows - Grainews](https://feedsoft.ai/events/6706-u-s-livestock-hogs-cattle-sink-to-multi-month-lows-grainews.md) | -3.2% | -5.6% |
| FCATTLE | 2024-06-21 | [Cattle trade trends in North America \| Western Livestock Journal](https://feedsoft.ai/events/29680-cattle-trade-trends-in-north-america-western-livestock-journal.md) | +0.3% | -1.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cattle-lower-on-technical-trading-jbs-china-export-news

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