USD/MXN soars to 14-month highs on US tariffs announcement

Not enough comparable past events yet for a historical read.

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.

• Aug 23, 2019China to impose extra tariffs on U.S. soy, beef and pork-1.5%
• Jun 15, 2018China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products+2.3%
• Jul 9, 2018As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets-1.8%
• Nov 4, 2025Hog prices slip as China eases tariffs on US pork - CME | The Pig Site+0.4%
• Feb 28, 2025Grain and Livestock Mostly Lower on Technical Selling and Tariff Uncertainty+1.6%

After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.

• May 31, 2019Peso plunges 3% on United States tariff announcement-2.5%
• Mar 28, 2025Peso depreciates in response to Trump auto tariffs announcement+0.5%
• Aug 23, 2019China to impose extra tariffs on U.S. soy, beef and pork+1.8%
• Mar 4, 2025China slaps extra tariffs of up to 15% on imports of major US farm exports | AP News+3.2%
• May 31, 2019Peso plunges vs the US dollar after Trump announces Mexican import tariffs-2.5%