# Lean hogs gain as African Swine Flu worries open up export markets | Financial Post

> US lean hog futures jumped on African swine fever fears in Asia and tight domestic supply as the US rebuilds its herd. The Philippines reduced pork tariffs and aims to import 400,000 tonnes in 2021, and CME June hogs settled at 107.9 cents per pound.

- Date: 2021-04-07 · published 2021-04-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/47755-lean-hogs-gain-as-african-swine-flu-worries-open-up-export-markets-financial
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Philippine import demand and ASF-driven shortages in Asia support US pork export demand and lift hog prices. Tight herd rebuilding limits near-term supply, which keeps feed demand firm.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-02-13 | [U.S. lean hog futures edge up on hopes for Chinese demand \| Financial Post](https://feedsoft.ai/events/54745-u-s-lean-hog-futures-edge-up-on-hopes-for-chinese-demand-financial-post.md) | +11.2% | +9.5% |
| HOGS | 2024-02-16 | [Lean Hogs Gapped Higher and Rallied post Export Sales - IBest Media](https://feedsoft.ai/events/5536-lean-hogs-gapped-higher-and-rallied-post-export-sales-ibest-media.md) | +3.9% | +4.0% |
| HOGS | 2019-09-14 | [Lean hogs rally as China exempts pork from additional tariffs on U.S. goods - MarketWatch](https://feedsoft.ai/events/57225-lean-hogs-rally-as-china-exempts-pork-from-additional-tariffs-on-u-s-goods.md) | -5.6% | -2.0% |
| HOGS | 2019-08-29 | [U.S. hog futures top one-week highs on China trade hopes \| Financial Post](https://feedsoft.ai/events/57717-u-s-hog-futures-top-one-week-highs-on-china-trade-hopes-financial-post.md) | -0.9% | -8.2% |
| HOGS | 2024-02-15 | [U.S. livestock: Lean hogs advance after strong US pork export data](https://feedsoft.ai/events/5539-u-s-livestock-lean-hogs-advance-after-strong-us-pork-export-data.md) | +9.6% | +10.6% |
| LCATTLE | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | +3.1% | +3.7% |
| LCATTLE | 2019-09-27 | [Cattle futures surge as trade grows bullish on potential U.S. exports to Japan](https://feedsoft.ai/events/57214-cattle-futures-surge-as-trade-grows-bullish-on-potential-u-s-exports-to-japan.md) | +3.3% | +7.5% |
| LCATTLE | 2020-08-13 | [CME update: cattle futures gain ground as slaughter rates and exports rise
						 \| The Cattle Site](https://feedsoft.ai/events/51744-cme-update-cattle-futures-gain-ground-as-slaughter-rates-and-exports-rise-the.md) | +2.4% | +0.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/lean-hogs-gain-as-african-swine-flu-worries-open-up-export-markets

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