# Hog markets crash similarly — but so differently — than 1998 - RealAgriculture

> Hog prices fell across cash, futures, weaner and fat hog markets by the end of the first week of April 2020, echoing cattle market declines. Olymel closed a Quebec processing plant and sought to cancel contracts under force majeure. Analysts compared the slide to the 1998 Canadian hog crash but noted different underlying causes.

- Date: 2020-04-05 · published 2020-04-05T12:00:00.000Z
- Category: disease · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/6599-hog-markets-crash-similarly-but-so-differently-than-1998-realagriculture
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Processing plant closures and disrupted export and retail demand reduce hog slaughter demand, which pressures hog prices and lowers demand for feed inputs in Canada.

## Read by commodity

- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2020-04-03 | 5 | -20.8% | -4.8 | Reports of a broad hog price collapse and plant closure/force majeure in Canada reflect processing disruption and bearish sentiment, though published after the window's end and with a Canadian focus. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-02-17 | [Uncertainty over coronavirus puts selling pressure on US hog markets
						 \| The Pig Site](https://feedsoft.ai/events/54744-uncertainty-over-coronavirus-puts-selling-pressure-on-us-hog-markets-the-pig.md) | +11.5% | +3.3% |
| HOGS | 2019-08-08 | [Hog Virus May Matter More for China Soy Buyers Than Trade War - Bloomberg](https://feedsoft.ai/events/11476-hog-virus-may-matter-more-for-china-soy-buyers-than-trade-war-bloomberg.md) | +0.0% | -16.0% |
| HOGS | 2022-09-05 | [China’s yuan touches 2-year low on dollar strength, COVID resurgence - Markets - Business Recorder](https://feedsoft.ai/events/12274-china-s-yuan-touches-2-year-low-on-dollar-strength-covid-resurgence-markets.md) | -1.1% | -4.9% |
| HOGS | 2018-08-28 | [Deadly swine fever threatens Asia, UN agriculture agency warns, urging regional collaboration \| UN News](https://feedsoft.ai/events/63427-deadly-swine-fever-threatens-asia-un-agriculture-agency-warns-urging-regional.md) | -4.8% | +18.5% |
| HOGS | 2018-11-28 | [African swine fever reshaping global beef markets \| Scoop News](https://feedsoft.ai/events/61980-african-swine-fever-reshaping-global-beef-markets-scoop-news.md) | -1.2% | -0.2% |

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/04/hog-markets-crash-similarly-but-so-differently-than-1998/

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