# CME update: lean hog futures slide amid diplomatic tensions between the US and China
						 | The Pig Site

> US lean hog futures dropped by as much as their daily limit on May 28 as traders feared escalating US-China tensions could curb Chinese pork purchases. Coronavirus-related meatpacking plant closures also weighed on prices.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/53265-cme-update-lean-hog-futures-slide-amid-diplomatic-tensions-between-the-us-and
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Fears of lost Chinese pork demand under the Phase 1 deal and continued packing disruptions push hog prices lower, reducing the value of hogs and pressuring feed demand.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-03-28 | [Pork and beans could take brunt of China-U.S. trade dispute](https://feedsoft.ai/events/71849-pork-and-beans-could-take-brunt-of-china-u-s-trade-dispute.md) | -2.3% | -6.2% |
| HOGS | 2017-01-26 | [Peso falls to session lows after meeting between US and Mexico presidents falls through](https://feedsoft.ai/events/73207-peso-falls-to-session-lows-after-meeting-between-us-and-mexico-presidents-falls.md) | +2.5% | +6.2% |
| HOGS | 2022-04-25 | [China Lockdown Angst Rips Through Markets; CSI 300 Stocks, Yuan (CNY/USD) Plunge - Bloomberg](https://feedsoft.ai/events/7338-china-lockdown-angst-rips-through-markets-csi-300-stocks-yuan-cny-usd-plunge.md) | -5.4% | -1.6% |
| HOGS | 2019-06-06 | [Canada frets about potential Chinese crackdown on more exports, mulls Xi meeting](https://feedsoft.ai/events/58582-canada-frets-about-potential-chinese-crackdown-on-more-exports-mulls-xi-meeting.md) | -1.3% | -7.3% |
| HOGS | 2022-05-31 | [Market Closes - May 31, 2022 - Kentucky Farm Bureau](https://feedsoft.ai/events/6237-market-closes-may-31-2022-kentucky-farm-bureau.md) | +0.4% | +1.8% |
| CORN | 2017-01-20 | [Boeing and beans on China's blacklist if US trade tensions worsen](https://feedsoft.ai/events/72862-boeing-and-beans-on-china-s-blacklist-if-us-trade-tensions-worsen.md) | +0.4% | +1.9% |
| CORN | 2017-01-26 | [Peso falls to session lows after meeting between US and Mexico presidents falls through](https://feedsoft.ai/events/73207-peso-falls-to-session-lows-after-meeting-between-us-and-mexico-presidents-falls.md) | +1.9% | +1.7% |
| CORN | 2026-07-28 | [Corn Futures Slide as Oil Selloff Triggers Profit-Taking](https://feedsoft.ai/events/9377-corn-futures-slide-as-oil-selloff-triggers-profit-taking.md) | -1.3% | +4.7% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/05/cme-update-lean-hog-futures-slide-amid-diplomatic-tensions-between-the-us-and-china

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