# Trade war puts the hoof into U.S. pig part exports to China

> China imposed two tariffs totaling 50 percent on U.S. pork, closing the export pipeline for pig offal. U.S. processors are being forced to sell these parts at very low prices.

- Date: 2018-07-17 · published 2018-07-17T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/5216-trade-war-puts-the-hoof-into-u-s-pig-part-exports-to-china
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lost Chinese export demand for offal lowers byproduct values and weighs on hog carcass returns, which is bearish for hog prices.

## Read by commodity

- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2018-07-17 | 1 | -7.9% | -7.1 | China's 50% tariffs closing the offal export outlet force low-priced domestic sales, lowering carcass value and hog sentiment. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-09-19 | [China US trade war escalates](https://feedsoft.ai/events/63159-china-us-trade-war-escalates.md) | +7.3% | +6.3% |
| 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 | 2020-06-02 | [Lean hog futures end lower on U.S.-China trade worries](https://feedsoft.ai/events/52771-lean-hog-futures-end-lower-on-u-s-china-trade-worries.md) | -11.2% | -18.2% |
| HOGS | 2018-07-17 | [Trade war leaves U.S. with mountain of cheap pork](https://feedsoft.ai/events/5212-trade-war-leaves-u-s-with-mountain-of-cheap-pork.md) | -10.7% | -26.8% |
| HOGS | 2017-04-10 | [Ag has plenty at stake in potential U.S. - China trade tensions](https://feedsoft.ai/events/71366-ag-has-plenty-at-stake-in-potential-u-s-china-trade-tensions.md) | -2.3% | +4.4% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-pork/trade-war-puts-the-hoof-into-u-s-pig-part-exports-to-china-idUSKBN1K71EA/

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