# 2020 hog outlook is bright

> A University of Missouri economist says the 2020 hog price outlook is bright after the phase one US-China agreement. The agreement includes $40 billion in annual Chinese farm purchases over two years and tariff relief. Most 2020 lean hog futures traded above $68 per hundredweight, with summer contracts above $87.

- Date: 2019-12-16 · published 2019-12-16T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/6402-2020-hog-outlook-is-bright
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expected Chinese demand from African swine fever losses and the trade deal supports forward hog prices above production costs of about $63 per hundredweight.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-01-03 | [US hog futures look bright going into 2020
						 \| The Pig Site](https://feedsoft.ai/events/55225-us-hog-futures-look-bright-going-into-2020-the-pig-site.md) | -2.6% | -5.2% |
| HOGS | 2025-06-19 | [Pig outlook: Lean hog futures bulls remain in control
						 \| The Pig Site](https://feedsoft.ai/events/24362-pig-outlook-lean-hog-futures-bulls-remain-in-control-the-pig-site.md) | +2.1% | -2.8% |
| HOGS | 2021-02-12 | [Pig outlook: Lean hog futures continue solid bull run
						 \| The Pig Site](https://feedsoft.ai/events/4614-pig-outlook-lean-hog-futures-continue-solid-bull-run-the-pig-site.md) | +10.4% | +20.5% |
| HOGS | 2023-09-05 | [CME lean hogs approach one-month high on US export outlook](https://feedsoft.ai/events/34262-cme-lean-hogs-approach-one-month-high-on-us-export-outlook.md) | -0.9% | -3.2% |
| HOGS | 2020-01-06 | [Outlook for livestock markets improved for 2020 - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/55237-outlook-for-livestock-markets-improved-for-2020-agweek-1-source-for-agriculture.md) | -1.2% | -7.9% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/2020-hog-outlook-is-bright

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