# US hog market hopeful for renewed export to China
						 | The Pig Site

> CME lean hog futures hit the daily limit and approached a one-month high after hopes rose that China will boost US pork imports. China confirmed a new African swine fever outbreak in Sichuan, and it has reported more than 140 outbreaks. Chinese pork prices have recently increased, and Chinese imports of US pork have so far fallen short.

- Date: 2019-07-18 · published 2019-07-18T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/58254-us-hog-market-hopeful-for-renewed-export-to-china-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expectations of a Chinese buying program support US hog prices, which rely on large Chinese purchases to clear excess domestic inventories.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-03-06 | [CME update: lean hog futures strengthen due to expected sales to China
						 \| The Pig Site](https://feedsoft.ai/events/54297-cme-update-lean-hog-futures-strengthen-due-to-expected-sales-to-china-the-pig.md) | -3.3% | -15.6% |
| HOGS | 2019-12-09 | [US hog prices jump as China offers tariff waivers
						 \| The Pig Site](https://feedsoft.ai/events/55725-us-hog-prices-jump-as-china-offers-tariff-waivers-the-pig-site.md) | -0.1% | +7.0% |
| HOGS | 2019-04-14 | [Hog virus pushes China to increase US pork purchases despite trade war
						 \| The Pig Site](https://feedsoft.ai/events/7159-hog-virus-pushes-china-to-increase-us-pork-purchases-despite-trade-war-the-pig.md) | +8.5% | +5.4% |
| HOGS | 2017-04-19 | [Pork Commentary: China, China, China
						 \| The Pig Site](https://feedsoft.ai/events/71514-pork-commentary-china-china-china-the-pig-site.md) | -2.6% | +16.0% |
| 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% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2019/07/us-hog-market-hopeful-for-renewed-export-to-china

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