# U.S. livestock: Trade war risk slams CME hogs - Country Guide

> CME lean hogs hit a four-month low as US stocks fell on trade war fears after Trump signed a memorandum that could impose tariffs on up to $60 billion of Chinese imports. USDA data showed February pork stocks up 6% month over month and 8% year over year.

- Date: 2018-03-22 · published 2018-03-22T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/66142-u-s-livestock-trade-war-risk-slams-cme-hogs-country-guide
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tariff threats on China, a top-five pork importer, together with heavy pork stocks point to lower hog prices and reduced export demand for US pork.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2018-03-22 | 1 | -2.8% | -3.2 | Dated on the move day, it reports CME lean hogs hitting a four-month low on trade war fears after Trump's tariff memorandum, plus bearish USDA pork stocks data (+6% m/m, +8% y/y), which hit sentiment and added supply pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-03-23 | [U.S. livestock: CME hogs slump again on cash prices, trade war threat - Grainews](https://feedsoft.ai/events/66137-u-s-livestock-cme-hogs-slump-again-on-cash-prices-trade-war-threat-grainews.md) | -5.7% | +4.0% |
| 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 | 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% |
| HOGS | 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) | -10.7% | -26.8% |
| 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% |
| LCATTLE | 2024-06-21 | [Cattle trade trends in North America \| Western Livestock Journal](https://feedsoft.ai/events/29680-cattle-trade-trends-in-north-america-western-livestock-journal.md) | +2.5% | -0.6% |
| LCATTLE | 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) | -0.9% | -3.5% |
| LCATTLE | 2025-05-20 | [Hides values crash, but some offals stronger as trade winds blow - Beef Central](https://feedsoft.ai/events/24790-hides-values-crash-but-some-offals-stronger-as-trade-winds-blow-beef-central.md) | +0.8% | +6.0% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-trade-war-risk-slams-cme-hogs/

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