# China Buys Most US Pork in Two Years as Futures Extend Rally - TT

> Bloomberg reports China bought 23,800 tonnes of US pork in the week ending March 7, its largest purchase since April 2017, according to USDA. June lean hog futures rose as much as 3.4% to 83.6 cents per pound on March 15, the highest since December. China also began state reserve pork purchases of 50,000 tonnes starting March 15.

- Date: 2019-03-15 · published 2019-03-15T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/60242-china-buys-most-us-pork-in-two-years-as-futures-extend-rally-tt
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Large Chinese purchases of US pork and domestic restocking support global pork prices and hog demand, adding to the bullish outlook for US hogs.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-04-14 | [China buys more US farm products amid plunge in trade](https://feedsoft.ai/events/53503-china-buys-more-us-farm-products-amid-plunge-in-trade.md) | -5.2% | +41.5% |
| HOGS | 2019-09-14 | [Lean hogs rally as China exempts pork from additional tariffs on U.S. goods - MarketWatch](https://feedsoft.ai/events/57225-lean-hogs-rally-as-china-exempts-pork-from-additional-tariffs-on-u-s-goods.md) | -5.6% | -2.0% |
| HOGS | 2019-10-18 | [China's pork shortage could give US farmers a chance to cash in](https://feedsoft.ai/events/56566-china-s-pork-shortage-could-give-us-farmers-a-chance-to-cash-in.md) | -2.8% | -7.0% |
| 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% |
| HOGS | 2020-08-24 | [Lean Hog Futures Rise As Investors Move Back In After Taking Profits](https://feedsoft.ai/events/51763-lean-hog-futures-rise-as-investors-move-back-in-after-taking-profits.md) | -0.1% | +20.9% |

## Sources

- ttnews.com: https://www.ttnews.com/articles/china-buys-most-us-pork-two-years-futures-extend-rally

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