# Futures File: Pork market sizzles, grains grind lower and Mexican peso heads south – Greeley Tribune

> Hog futures neared a one-year high above 80 cents per pound as meatpackers bought ahead of the grilling season and Father's Day, with hot weather expected to slow hog weight gain. Mexico threatened a 20 percent tariff on U.S. pork in response to possible U.S. steel and aluminum tariffs. Corn and soybean prices fell to four-month lows on good weather.

- Date: 2018-06-09 · published 2018-06-09T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/8244-futures-file-pork-market-sizzles-grains-grind-lower-and-mexican-peso-heads
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Threatened retaliatory tariffs from Mexico, the largest buyer of U.S. pork, could cut export demand and pressure hog prices. Good crop weather is weighing on grain prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-12-01 | [CME update: lean hog futures get a boost on strong pork demand
						 \| The Pig Site](https://feedsoft.ai/events/49795-cme-update-lean-hog-futures-get-a-boost-on-strong-pork-demand-the-pig-site.md) | -2.9% | -3.6% |
| HOGS | 2020-08-28 | [CME update: lean hog futures edge higher as market fundamentals improve
						 \| The Pig Site](https://feedsoft.ai/events/51759-cme-update-lean-hog-futures-edge-higher-as-market-fundamentals-improve-the-pig.md) | +3.7% | +25.8% |
| HOGS | 2019-12-10 | [Strong foreign demand boosts North American hog markets - Grainews](https://feedsoft.ai/events/55723-strong-foreign-demand-boosts-north-american-hog-markets-grainews.md) | +8.8% | +8.6% |
| HOGS | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | -1.0% | -2.7% |
| HOGS | 2021-04-07 | [Lean hogs gain as African Swine Flu worries open up export markets \| Financial Post](https://feedsoft.ai/events/47755-lean-hogs-gain-as-african-swine-flu-worries-open-up-export-markets-financial.md) | +2.5% | +7.8% |
| CORN | 2019-11-20 | [EMERGING MARKETS-Mexican peso leads losses in Latam FX on U.S.-China trade standoff](https://feedsoft.ai/events/56277-emerging-markets-mexican-peso-leads-losses-in-latam-fx-on-u-s-china-trade.md) | -0.2% | +1.6% |
| CORN | 2026-06-04 | [Soybean Futures Drop Amid Questions Around China Demand -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/12561-soybean-futures-drop-amid-questions-around-china-demand-daily-grain-highlights.md) | -2.5% | -4.5% |
| CORN | 2026-03-16 | [Soybean Futures Plummet on Possibility of Postponed Summit -- Daily Grain Highlights \| MarketScreener](https://feedsoft.ai/events/5797-soybean-futures-plummet-on-possibility-of-postponed-summit-daily-grain.md) | +2.4% | -1.7% |

## Sources

- greeleytribune.com: https://www.greeleytribune.com/2018/06/09/futures-file-pork-market-sizzles-grains-grind-lower-and-mexican-peso-heads-south/

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