# The Rural Blog: U.S. hog prices down as China quashes African swine fever

> US hog futures fell nearly 17% in the week before June 29 and dropped below $1 per pound for the first time since March. Pork cutout prices fell sharply, with ribs down more than 31% in recent weeks, after China said its hog herd had recovered to over 98% of pre-disease levels.

- Date: 2021-06-29 · published 2021-06-29T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/46732-the-rural-blog-u-s-hog-prices-down-as-china-quashes-african-swine-fever
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weaker expected US pork exports to China in the second half of 2021 reduce demand for hogs and some feed grains, putting downward pressure on hog prices and feed use.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2025-11-04 | [Hog prices slip as China eases tariffs on US pork - CME
						 \| The Pig Site](https://feedsoft.ai/events/22095-hog-prices-slip-as-china-eases-tariffs-on-us-pork-cme-the-pig-site.md) | +0.4% | -4.4% |
| HOGS | 2025-05-01 | [China cancels U.S. pork shipments after tariffs raise prices](https://feedsoft.ai/events/25255-china-cancels-u-s-pork-shipments-after-tariffs-raise-prices.md) | -0.1% | +6.8% |
| 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% |
| HOGS | 2018-04-02 | [China’s action trips up lean hog futures](https://feedsoft.ai/events/65663-china-s-action-trips-up-lean-hog-futures.md) | -6.4% | +10.9% |
| HOGS | 2022-03-25 | [China's soymeal prices increase to record highs further affecting pig farmers - European Pork \| European Pork, the Smart Choice](https://feedsoft.ai/events/42290-china-s-soymeal-prices-increase-to-record-highs-further-affecting-pig-farmers.md) | +0.3% | +4.7% |
| CORN | 2019-08-14 | [Soybean prices rise on U.S.-China trade hopes \| Financial Post](https://feedsoft.ai/events/11472-soybean-prices-rise-on-u-s-china-trade-hopes-financial-post.md) | -1.2% | -4.0% |
| CORN | 2023-09-29 | [U.S. corn prices slump as top buyer China turns to Brazil - Nikkei Asia](https://feedsoft.ai/events/14810-u-s-corn-prices-slump-as-top-buyer-china-turns-to-brazil-nikkei-asia.md) | +1.9% | +0.9% |
| CORN | 2017-04-13 | [DDGS prices fall 47% since June high as Chinese demand slides  : The Daily Digest](https://feedsoft.ai/events/71495-ddgs-prices-fall-47-since-june-high-as-chinese-demand-slides-the-daily-digest.md) | -2.1% | +0.9% |

## Sources

- irjci.blogspot.com: https://irjci.blogspot.com/2021/06/us-hog-pork-prices-down-as-china.html

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