# U.S. livestock: CME hogs slump again on cash prices, trade war threat - Grainews

> CME lean hog futures fell for a second straight day on weak cash hog prices and trade war fears after Beijing said it was considering an extra 25% duty on US products including pork. CME live cattle futures sank to a four-month low on weaker wholesale beef and caution before the USDA Cattle on Feed report.

- Date: 2018-03-23 · published 2018-03-23T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/66137-u-s-livestock-cme-hogs-slump-again-on-cash-prices-trade-war-threat-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A possible Chinese tariff on US pork threatens export demand for a product where roughly a quarter of output is exported, adding pressure to hog and feed-demand prices.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-11-20 | [U.S. livestock: Hogs plunge on fresh doubts of China trade prospects - Grainews](https://feedsoft.ai/events/56223-u-s-livestock-hogs-plunge-on-fresh-doubts-of-china-trade-prospects-grainews.md) | -2.0% | +6.1% |
| HOGS | 2018-03-22 | [U.S. livestock: Trade war risk slams CME hogs - Country Guide](https://feedsoft.ai/events/66142-u-s-livestock-trade-war-risk-slams-cme-hogs-country-guide.md) | -6.7% | +1.5% |
| HOGS | 2018-07-18 | [U.S. livestock: CME cattle rise but hog futures weaken - Grainews](https://feedsoft.ai/events/5215-u-s-livestock-cme-cattle-rise-but-hog-futures-weaken-grainews.md) | -4.1% | -21.5% |
| HOGS | 2020-01-29 | [U.S. livestock: Hogs, cattle sink to multi-month lows - Grainews](https://feedsoft.ai/events/6706-u-s-livestock-hogs-cattle-sink-to-multi-month-lows-grainews.md) | -8.8% | -4.5% |
| HOGS | 2018-05-11 | [U.S. livestock: CME hogs slump amid fund roll, NAFTA worries - AgCanada](https://feedsoft.ai/events/65171-u-s-livestock-cme-hogs-slump-amid-fund-roll-nafta-worries-agcanada.md) | +10.4% | +17.5% |
| LCATTLE | 2020-01-29 | [U.S. livestock: Hogs, cattle sink to multi-month lows - Grainews](https://feedsoft.ai/events/6706-u-s-livestock-hogs-cattle-sink-to-multi-month-lows-grainews.md) | -1.1% | -4.8% |
| LCATTLE | 2018-07-17 | [U.S. livestock: CME lean hogs, live cattle end lower - AgCanada](https://feedsoft.ai/events/5218-u-s-livestock-cme-lean-hogs-live-cattle-end-lower-agcanada.md) | +1.8% | +0.3% |
| LCATTLE | 2025-11-21 | [U.S. livestock: Cattle futures dip as Brazilian beef tariffs lifted - Grainews](https://feedsoft.ai/events/5449-u-s-livestock-cattle-futures-dip-as-brazilian-beef-tariffs-lifted-grainews.md) | -1.5% | +4.3% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-cme-hogs-slump-again-on-cash-prices-trade-war-threat/

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