# U.S. lean hog futures edge up on hopes for Chinese demand | Financial Post

> US lean hog futures rose modestly on technical buying and hopes China will step up purchases of US farm goods under the Phase 1 trade deal. Traders expect more US pork purchases as China faces meat shortages from African swine fever. Coronavirus measures have also restricted pig transport and slaughter restarts in China.

- Date: 2020-02-13 · published 2020-02-13T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/54745-u-s-lean-hog-futures-edge-up-on-hopes-for-chinese-demand-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expected Chinese pork purchases under the Phase 1 deal support US hog prices, and the shortage in China adds underlying demand.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-08-29 | [U.S. hog futures top one-week highs on China trade hopes \| Financial Post](https://feedsoft.ai/events/57717-u-s-hog-futures-top-one-week-highs-on-china-trade-hopes-financial-post.md) | -0.9% | -8.2% |
| HOGS | 2020-02-06 | [U.S. hog futures soar daily limit on Tyson comment on China demand, short-covering \| Financial Post](https://feedsoft.ai/events/54746-u-s-hog-futures-soar-daily-limit-on-tyson-comment-on-china-demand-short.md) | -4.0% | +4.3% |
| 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 | 2021-04-07 | [Lean hogs gain as African Swine Flu worries open up export markets \| Financial Post](https://feedsoft.ai/events/47755-lean-hogs-gain-as-african-swine-flu-worries-open-up-export-markets-financial.md) | +2.5% | +7.8% |
| HOGS | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | -1.0% | -2.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-lean-hog-futures-edge-up-on-hopes-for-chinese-demand

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