CME update: lean hog futures slide amid diplomatic tensions between the US and China

After 477 past bearish events of any kind, Lean Hogs moved a median -0.4% over 5 sessions (42% higher; middle half -2.5% to +1.6%), and +0.3% over 20.

• Mar 28, 2017Pork and beans could take brunt of China-U.S. trade dispute-2.3%
• Jan 26, 2017Peso falls to session lows after meeting between US and Mexico presidents falls through+2.5%
• Apr 25, 2022China Lockdown Angst Rips Through Markets; CSI 300 Stocks, Yuan (CNY/USD) Plunge - Bloomberg-5.4%
• Jun 6, 2019Canada frets about potential Chinese crackdown on more exports, mulls Xi meeting-1.3%
• May 31, 2022Market Closes - May 31, 2022 - Kentucky Farm Bureau+0.4%

After 87 past bearish geopolitics events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +2.1%), and +0.3% over 20.

• Jan 20, 2017Boeing and beans on China's blacklist if US trade tensions worsen+0.4%
• Jan 26, 2017Peso falls to session lows after meeting between US and Mexico presidents falls through+1.9%
• Jul 28, 2026Corn Futures Slide as Oil Selloff Triggers Profit-Taking-1.3%
• Jul 31, 2020Gathering US-China storm clouds herald restless time for yuan - Gulf Times-0.7%
• Feb 13, 2025Ukrainian traders assess future grain trade flows amid prospects of war's end+1.7%

After 17 past bearish geopolitics events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.4% to +1.9%), and +0.3% over 20.

• Jan 20, 2017Boeing and beans on China's blacklist if US trade tensions worsen-1.7%
• Mar 28, 2017Pork and beans could take brunt of China-U.S. trade dispute-2.4%
• Dec 2, 2025U.S. grains: Corn, wheat futures climb on Black Sea tensions - Grainews-2.4%
• Feb 15, 2018It's all about the bean+1.9%
• Dec 2, 2025Market Snapshot | Black Sea tensions spur rally in grains - Pro Farmer-2.4%