# Hog Prices Being Pulled in Two Directions - ProAg

> US hog producers have reduced the breeding herd to support prices, but inventory declines have not lifted prices much. African swine fever reported in a rising number of feral hogs in Germany has fueled upward momentum in US hog futures. Analysts say the European outbreak may not be bullish for US prices over the long term.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: disease · region Germany · magnitude medium
- Page: https://feedsoft.ai/events/51250-hog-prices-being-pulled-in-two-directions-proag
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

ASF concerns in Europe can lift US hog futures on export expectations, but the effect may fade given global pork trade dynamics.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-04-22 | [What happens to hog prices this summer?](https://feedsoft.ai/events/59724-what-happens-to-hog-prices-this-summer.md) | -0.6% | +3.2% |
| HOGS | 2022-03-27 | [Disease Outbreaks in Mexico’s Hog Herd to Drive U.S. Meat Prices Higher](https://feedsoft.ai/events/42423-disease-outbreaks-in-mexico-s-hog-herd-to-drive-u-s-meat-prices-higher.md) | -2.6% | +2.9% |
| HOGS | 2019-10-28 | [Despite higher hog numbers, ASF in Asia expected to fuel higher North American prices](https://feedsoft.ai/events/56726-despite-higher-hog-numbers-asf-in-asia-expected-to-fuel-higher-north-american.md) | -2.0% | -5.1% |
| HOGS | 2021-03-04 | [Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global](https://feedsoft.ai/events/48271-hog-disease-outbreak-in-china-triggers-surge-in-u-s-prices-caixin-global.md) | +2.3% | +15.3% |
| HOGS | 2018-08-31 | [Hog prices poised to soar as deadly swine disease emerges in China - MarketWatch](https://feedsoft.ai/events/63673-hog-prices-poised-to-soar-as-deadly-swine-disease-emerges-in-china-marketwatch.md) | +7.0% | +28.4% |

## Sources

- proag.com: https://www.proag.com/news/hog-prices-being-pulled-in-two-directions/

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