# Trade war leaves U.S. with mountain of cheap pork

> Bloomberg reports U.S. pork production is poised for an all-time high in 2018 and rising again in 2019, while tariffs from China and Mexico threaten export demand. Hog futures are trading near their lowest seasonal levels since 2002.

- Date: 2018-07-17 · published 2018-07-17T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5212-trade-war-leaves-u-s-with-mountain-of-cheap-pork
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Excess domestic pork supply with weakened export outlets is bearish for hog prices and lowers the cost of pork-based feed inputs such as meat and bone meal.

## Read by commodity

- MBM: bearish ▼
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2018-07-17 | 1 | -7.9% | -7.1 | Bloomberg report of record pork production and tariff threats to exports, with hogs near seasonal lows, is a bearish supply/demand narrative hitting the same day. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-10-29 | [Soybean, pork farmers hurt most by trade war](https://feedsoft.ai/events/62549-soybean-pork-farmers-hurt-most-by-trade-war.md) | -0.1% | -4.8% |
| HOGS | 2018-11-13 | [Trump's trade war plunging demand for chicken as cheap pork fills the shelves
						 \| The Poultry Site](https://feedsoft.ai/events/62197-trump-s-trade-war-plunging-demand-for-chicken-as-cheap-pork-fills-the-shelves.md) | +2.5% | -4.5% |
| HOGS | 2018-07-17 | [Trade war puts the hoof into U.S. pig part exports to China](https://feedsoft.ai/events/5216-trade-war-puts-the-hoof-into-u-s-pig-part-exports-to-china.md) | -10.7% | -26.8% |
| HOGS | 2019-02-06 | [Pork Prices Spiral Lower Amid Trade War - Bloomberg](https://feedsoft.ai/events/60735-pork-prices-spiral-lower-amid-trade-war-bloomberg.md) | -1.9% | -1.2% |
| HOGS | 2018-03-22 | [U.S. livestock: Trade war risk slams CME hogs - Country Guide](https://feedsoft.ai/events/66142-u-s-livestock-trade-war-risk-slams-cme-hogs-country-guide.md) | -6.7% | +1.5% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/pork-market-news/trade-war-leaves-u-s-with-mountain-of-cheap-pork

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