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Chinese tariffs on U.S. pork imports, including a reported 25% levy, are weighing on hog prices after an early-spring price slide. China raised about 97% of its own pork in 2017, and U.S. exports to China were only about 2% of U.S. production.
Losing the Chinese outlet pushes pork volume back into the domestic market, which pressures lean hog prices and feed demand for pork-producing regions.
farmprogress.comMay 8, 2018After 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.
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.
