# U.S. livestock: Hogs limit down on new China stats - AgCanada

> CME lean hog futures fell the daily three-cent limit on June 16 after China reported its pig herd rose 23.5% in May from a year earlier. US pork cutout and pork belly prices also dropped.

- Date: 2021-06-16 · published 2021-06-16T12:00:00.000Z
- Category: report · region China · magnitude medium
- Page: https://feedsoft.ai/events/46562-u-s-livestock-hogs-limit-down-on-new-china-stats-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expanding Chinese herd raises doubts about future US pork export demand, pressuring US hog prices and reducing hog-sector feed demand.

## Read by commodity

- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2021-06-22 | 1 | -2.4% | -3.4 | China's May herd up 23.5% year on year and falling US cutout signaled weaker export demand and added to the downward pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-06-29 | [U.S. livestock: Nearby lean hogs drop on continued herd expansion - AgCanada](https://feedsoft.ai/events/58746-u-s-livestock-nearby-lean-hogs-drop-on-continued-herd-expansion-agcanada.md) | -2.7% | +12.2% |
| HOGS | 2023-06-30 | [U.S. livestock: CME nearby hog futures up ahead of herd data - AgCanada](https://feedsoft.ai/events/35639-u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data-agcanada.md) | +4.0% | +9.4% |
| HOGS | 2021-06-25 | [U.S. livestock: July hogs limit-down to lowest since late March - Grainews](https://feedsoft.ai/events/7750-u-s-livestock-july-hogs-limit-down-to-lowest-since-late-march-grainews.md) | +2.6% | +2.4% |
| HOGS | 2023-10-02 | [U.S. livestock: CME lean hogs extend selloff on supply view - Grainews](https://feedsoft.ai/events/33781-u-s-livestock-cme-lean-hogs-extend-selloff-on-supply-view-grainews.md) | -0.2% | -10.7% |
| HOGS | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | -14.1% | -14.1% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-hogs-limit-down-on-new-china-stats

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