# U.S. livestock: Deferred hog futures set contract highs for fourth day - Country Guide

> US hog futures set contract highs in deferred months for a fourth straight day on April 18, 2019, on expectations of higher Chinese pork imports after African swine fever killed pigs in China. USDA reported China bought 23,473 tonnes of US pork in the week ended April 11, and deferred feeder cattle futures also hit contract highs.

- Date: 2019-04-18 · published 2019-04-18T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/5961-u-s-livestock-deferred-hog-futures-set-contract-highs-for-fourth-day-country
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Expected Chinese demand for pork to replace ASF-depleted domestic supply supports US hog prices and, through protein substitution, firms cattle and related markets.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2019-04-21 | 1 | +3.5% | 5.7 | Deferred feeder cattle futures hit contract highs on April 18 amid strong hog/China pork demand sentiment, indicating momentum and spillover buying. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-04-12 | [U.S. livestock: CME lean hogs up third straight session - Country Guide](https://feedsoft.ai/events/7154-u-s-livestock-cme-lean-hogs-up-third-straight-session-country-guide.md) | +8.4% | +5.4% |
| HOGS | 2018-10-29 | [Livestock Lowdown: Monday Midday Livestock Market Summary - Cattle Futures Giving Back Gains](https://feedsoft.ai/events/10112-livestock-lowdown-monday-midday-livestock-market-summary-cattle-futures-giving.md) | -0.1% | -4.8% |
| HOGS | 2018-08-27 | [Fever or trade talk briefly ignite U.S. hog market \| Western Livestock Journal](https://feedsoft.ai/events/63676-fever-or-trade-talk-briefly-ignite-u-s-hog-market-western-livestock-journal.md) | -3.6% | +17.2% |
| HOGS | 2022-01-13 | [U.S. livestock: Hog slaughter hits five-month low on Omicron spread - AgCanada](https://feedsoft.ai/events/43289-u-s-livestock-hog-slaughter-hits-five-month-low-on-omicron-spread-agcanada.md) | +3.5% | +13.5% |
| HOGS | 2021-02-08 | [China's hog futures, company stocks rally on disease outbreaks](https://feedsoft.ai/events/48625-china-s-hog-futures-company-stocks-rally-on-disease-outbreaks.md) | +4.5% | +20.2% |
| FCATTLE | 2026-01-03 | [U.S. livestock: Cattle futures surge as second screwworm case announced \| The Western Producer](https://feedsoft.ai/events/21012-u-s-livestock-cattle-futures-surge-as-second-screwworm-case-announced-the.md) | +1.3% | +2.9% |
| FCATTLE | 2025-07-11 | [CME live cattle touch contract highs, feeder cattle climb](https://feedsoft.ai/events/23891-cme-live-cattle-touch-contract-highs-feeder-cattle-climb.md) | +1.2% | +8.5% |
| FCATTLE | 2018-08-27 | [Fever or trade talk briefly ignite U.S. hog market \| Western Livestock Journal](https://feedsoft.ai/events/63676-fever-or-trade-talk-briefly-ignite-u-s-hog-market-western-livestock-journal.md) | +0.2% | +4.9% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-deferred-hog-futures-set-contract-highs-for-fourth-day/

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