# CME update: lean hog futures strengthen due to expected sales to China
						 | The Pig Site

> Lean hog futures rose on March 6 to their highest since February 26 after USDA reported China bought 4,475 tonnes of US pork in the week to February 27. Shipments to China reached 17,531 tonnes, and China was expected to cut retaliatory duties on US goods including pork.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/54297-cme-update-lean-hog-futures-strengthen-due-to-expected-sales-to-china-the-pig
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Stronger Chinese purchases and expected tariff relief raise export demand for US pork, supporting hog prices.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-12-01 | [CME update: lean hog futures get a boost on strong pork demand
						 \| The Pig Site](https://feedsoft.ai/events/49795-cme-update-lean-hog-futures-get-a-boost-on-strong-pork-demand-the-pig-site.md) | -2.9% | -3.6% |
| HOGS | 2020-08-28 | [CME update: lean hog futures edge higher as market fundamentals improve
						 \| The Pig Site](https://feedsoft.ai/events/51759-cme-update-lean-hog-futures-edge-higher-as-market-fundamentals-improve-the-pig.md) | +3.7% | +25.8% |
| HOGS | 2019-07-18 | [US hog market hopeful for renewed export to China
						 \| The Pig Site](https://feedsoft.ai/events/58254-us-hog-market-hopeful-for-renewed-export-to-china-the-pig-site.md) | +6.2% | +3.3% |
| HOGS | 2021-02-12 | [Pig outlook: Lean hog futures continue solid bull run
						 \| The Pig Site](https://feedsoft.ai/events/4614-pig-outlook-lean-hog-futures-continue-solid-bull-run-the-pig-site.md) | +10.4% | +20.5% |
| HOGS | 2022-05-19 | [Pig outlook: Lean hog futures post solid price recovery, China pork imports drop
						 \| The Pig Site](https://feedsoft.ai/events/41553-pig-outlook-lean-hog-futures-post-solid-price-recovery-china-pork-imports-drop.md) | +3.1% | +5.5% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/03/cme-update-lean-hog-futures-strengthen-due-to-expected-sales-to-china

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