# Genesus Global Market Report: USA, April 2018
						 | The Pig Site

> Genesus Genetics says the lean hog index fell $14.00 during March and April futures dropped about $15.00. It argues that China's 25% tariff hits pork offal and bellies, which are a growing share of carcass value, and that Hong Kong may become a route for U.S. pork to reach China.

- Date: 2018-04-15 · published 2018-04-15T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/65665-genesus-global-market-report-usa-april-2018-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Losing China as a buyer for offal and bellies reduces the value of the carcass and pressures hog prices, especially with record hog supplies.

## Read by commodity

- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2018-04-19 | 5 | +18.3% | 4.4 | Futures had fallen about $15 on China's pork tariff fears, so the oversold market was set up for a sharp rebound as tariff panic eased and seasonal demand firmed. |
| HOGS | 2018-04-15 | 1 | +12.5% | 12.6 | Describes the steep March/April futures decline tied to China's pork tariff, which left prices oversold and set up a snapback, though it does not explain the day's upward move directly. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-04-03 | [CME: Livestock Futures Markets Down at Start of W14
						 \| The Pig Site](https://feedsoft.ai/events/11971-cme-livestock-futures-markets-down-at-start-of-w14-the-pig-site.md) | -2.7% | +15.6% |
| HOGS | 2025-01-31 | [Tariffs and the Cattle Inventory Report Create Volatility in the Livestock Markets - The Globe and Mail](https://feedsoft.ai/events/8611-tariffs-and-the-cattle-inventory-report-create-volatility-in-the-livestock.md) | +2.3% | +3.0% |
| HOGS | 2025-11-04 | [Hog prices slip as China eases tariffs on US pork - CME
						 \| The Pig Site](https://feedsoft.ai/events/22095-hog-prices-slip-as-china-eases-tariffs-on-us-pork-cme-the-pig-site.md) | +0.4% | -4.4% |
| HOGS | 2025-04-03 | [Beefed-up tariffs leave global protein markets in a stew](https://feedsoft.ai/events/25246-beefed-up-tariffs-leave-global-protein-markets-in-a-stew.md) | -0.5% | +3.4% |
| HOGS | 2020-06-02 | [BRINGING HOME THE BACON: U.S. PORK TRADE - Global Trade Magazine](https://feedsoft.ai/events/52744-bringing-home-the-bacon-u-s-pork-trade-global-trade-magazine.md) | -11.2% | -18.2% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2018/04/genesus-global-market-report-usa-april-2018-1

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