# U.S. hog futures soar daily limit on Tyson comment on China demand, short-covering | Financial Post

> US lean hog futures surged the daily limit after a Tyson Foods executive said Q1 pork sales to China rose nearly 600 percent year over year. The rally was also driven by short-covering after April futures fell 16% the prior week. Traders cautioned that the gain comes from a very low base.

- Date: 2020-02-06 · published 2020-02-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/54746-u-s-hog-futures-soar-daily-limit-on-tyson-comment-on-china-demand-short
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong Chinese pork demand reported by a major packer supports hog prices, though the gain is off a low base and the rally was partly technical.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-02-13 | [U.S. lean hog futures edge up on hopes for Chinese demand \| Financial Post](https://feedsoft.ai/events/54745-u-s-lean-hog-futures-edge-up-on-hopes-for-chinese-demand-financial-post.md) | +11.2% | +9.5% |
| 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 | 2020-12-01 | [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 | 2019-12-13 | [CME hog, cattle futures climb on U.S-China trade news](https://feedsoft.ai/events/6399-cme-hog-cattle-futures-climb-on-u-s-china-trade-news.md) | +9.0% | +3.6% |
| 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

- financialpost.com: https://financialpost.com/pmn/business-pmn/u-s-hog-futures-soar-daily-limit-on-tyson-comment-on-china-demand-short-covering

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