# Lean hogs tumble, rattled by worsening U.S.-China trade ties

> CME lean hog futures fell sharply on Tuesday as US-China tensions grew. China threatened to halt all purchases of US farm products after Trump announced a 10% tariff on a further $300 billion in Chinese imports. Cash hog prices in Iowa and southern Minnesota also fell.

- Date: 2019-08-06 · published 2019-08-06T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/57720-lean-hogs-tumble-rattled-by-worsening-u-s-china-trade-ties
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Threatened Chinese boycotts of US pork remove a key export outlet at a time when African swine fever has tightened Chinese supply, pressuring US hog prices.

## Read by commodity

- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2019-08-16 | 5 | -12.7% | -3.3 | The Aug 6 hog selloff on US-China trade tensions and China's threat to halt US farm purchases weighed on export-demand expectations, though it falls just before the window and the move is partly a carryover. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-06-02 | [Lean hog futures end lower on U.S.-China trade worries](https://feedsoft.ai/events/52771-lean-hog-futures-end-lower-on-u-s-china-trade-worries.md) | -11.2% | -18.2% |
| HOGS | 2019-06-03 | [Trade fights continue to batter U.S. live cattle, lean hog futures](https://feedsoft.ai/events/11384-trade-fights-continue-to-batter-u-s-live-cattle-lean-hog-futures.md) | -2.8% | -9.3% |
| HOGS | 2018-04-02 | [China’s action trips up lean hog futures](https://feedsoft.ai/events/65663-china-s-action-trips-up-lean-hog-futures.md) | -6.4% | +10.9% |
| HOGS | 2020-11-11 | [U.S. Hog Futures React to U.S.-China Trade Tensions - Pork Business](https://feedsoft.ai/events/50299-u-s-hog-futures-react-to-u-s-china-trade-tensions-pork-business.md) | -0.6% | -3.0% |
| HOGS | 2021-07-02 | [Lean hog futures ease on China demand worries \| Reuters](https://feedsoft.ai/events/46231-lean-hog-futures-ease-on-china-demand-worries-reuters.md) | +0.9% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/article/business/lean-hogs-tumble-rattled-by-worsening-us-china-trade-ties-idUSL2N25215K/

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