# Pork industry wants to cash in on "phase one" U.S.-China trade deal

> US pork producers responded cautiously to the phase one US-China deal, which calls for China to raise annual purchases of US farm goods to at least $40 billion over two years. No product details were available yet. Hog futures rose about 1% on the news.

- Date: 2019-12-16 · published 2019-12-16T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6400-pork-industry-wants-to-cash-in-on-phase-one-u-s-china-trade-deal
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A larger Chinese commitment to US farm goods could lift pork export demand and hog prices, though the lack of specifics limits the near-term effect.

## Read by commodity

- HOGS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2019-12-16 | 1 | +7.5% | 5.1 | Dec 16 coverage of the phase one deal ($40B in annual farm purchases) tied the day's hog futures gains directly to the trade news, though the cited rise of about 1% is far smaller than the 7.5% move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +7.4% | +1.5% |
| 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 | 2019-08-29 | [U.S. hog futures top one-week highs on China trade hopes \| Financial Post](https://feedsoft.ai/events/57717-u-s-hog-futures-top-one-week-highs-on-china-trade-hopes-financial-post.md) | -0.9% | -8.2% |
| 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 | 2020-02-25 | [US: China lifts some trade barriers in phase one \| 2020-02-25  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/54479-us-china-lifts-some-trade-barriers-in-phase-one-2020-02-25-agri-pulse.md) | -1.6% | +4.2% |

## Sources

- axios.com: https://www.axios.com/2019/12/16/pork-industry-prices-us-china-trade-war-deal

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