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Feb 6, 2019TRADEUS

Pork Prices Spiral Lower Amid Trade War

Wholesale US ham prices dropped to their lowest level since April 2015 as production boomed. The report links the slide to tariffs that have weighed on American pork exports.

Pork prices are falling amid the trade war.

WHY IT MATTERS

Lower wholesale pork values and blocked export access point to weaker hog prices. Reduced margins can limit producer demand for feed ingredients.

AFFECTSLean Hogs▼

SOURCE
bloomberg.comLydia MulvanyFeb 6, 2019

Price reaction & history

Lean Hogs▼bearishSO FAR1d -0.1%5d -1.9%20d -1.2%

After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.

Jul 13, 2018Giant Pork Pile Awaits Americans as Trade Wars Risk Exports - Bloomberg-9.7%
Jul 17, 2018Trade war leaves U.S. with mountain of cheap pork-10.7%
Oct 29, 2018Soybean, pork farmers hurt most by trade war-0.1%
Mar 23, 2018U.S. livestock: CME hogs slump again on cash prices, trade war threat - Grainews-5.7%
May 16, 2019Trade war, ASF disrupting US soybean, pork producers | Feed Strategy-0.4%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Lean Hogs HOGS · GP ▸

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