# China’s action trips up lean hog futures

> USDA's April Hogs and Pigs report came in close to analyst expectations and was largely neutral for the market. Lean hog futures fell sharply on April 2 because of China's announced 25% tariff on U.S. pork.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/65663-china-s-action-trips-up-lean-hog-futures
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The price drop is driven by the Chinese tariff on pork exports rather than the report, which reduces U.S. pork export demand and lowers hog values.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-06-02 | [Lean hog futures end lower on U.S.-China trade worries](https://feedsoft.ai/events/52771-lean-hog-futures-end-lower-on-u-s-china-trade-worries.md) | -11.2% | -18.2% |
| HOGS | 2021-07-02 | [Lean hog futures ease on China demand worries \| Reuters](https://feedsoft.ai/events/46231-lean-hog-futures-ease-on-china-demand-worries-reuters.md) | +0.9% | -0.2% |
| HOGS | 2020-11-11 | [U.S. Hog Futures React to U.S.-China Trade Tensions - Pork Business](https://feedsoft.ai/events/50299-u-s-hog-futures-react-to-u-s-china-trade-tensions-pork-business.md) | -0.6% | -3.0% |
| HOGS | 2025-12-19 | [Pig outlook: Lean hog futures prices trending up
						 \| The Pig Site](https://feedsoft.ai/events/21671-pig-outlook-lean-hog-futures-prices-trending-up-the-pig-site.md) | +0.5% | +1.4% |
| HOGS | 2019-06-03 | [Trade fights continue to batter U.S. live cattle, lean hog futures](https://feedsoft.ai/events/11384-trade-fights-continue-to-batter-u-s-live-cattle-lean-hog-futures.md) | -2.8% | -9.3% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-reports/china-s-action-trips-up-lean-hog-futures

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