# Tariffs and the Cattle Inventory Report Create Volatility in the Livestock Markets - The Globe and Mail

> President Trump announced 25% tariffs on Canada and Mexico starting February 1, causing a weak open in lean hogs before rumors of a delay caused a rebound that was then denied. Hogs settled near the session low, and the cattle inventory report also added volatility.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: trade · region US · magnitude high
- Page: https://feedsoft.ai/events/8611-tariffs-and-the-cattle-inventory-report-create-volatility-in-the-livestock
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tariffs on Canadian and Mexican imports threaten US pork exports, particularly to Mexico, which could pressure hog prices unless the tariffs are lifted.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## 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 | 2025-04-03 | [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 | 2018-04-18 | [Meat imports threaten domestic livestock industry \| VOV.VN](https://feedsoft.ai/events/65452-meat-imports-threaten-domestic-livestock-industry-vov-vn.md) | +3.7% | +12.8% |
| HOGS | 2018-04-15 | [Genesus Global Market Report: USA, April 2018
						 \| The Pig Site](https://feedsoft.ai/events/65665-genesus-global-market-report-usa-april-2018-the-pig-site.md) | +18.5% | +19.1% |
| HOGS | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | -1.8% | -22.3% |
| LCATTLE | 2018-07-09 | [As Tariffs Bite, China Cancels U.S. Soy Deals and Hunt Is on for New Export Markets](https://feedsoft.ai/events/63898-as-tariffs-bite-china-cancels-u-s-soy-deals-and-hunt-is-on-for-new-export.md) | +1.8% | +4.3% |
| LCATTLE | 2017-08-28 | [Challenges, opportunities in the world beef market \| Western Livestock Journal](https://feedsoft.ai/events/69401-challenges-opportunities-in-the-world-beef-market-western-livestock-journal.md) | -1.7% | +0.8% |
| 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% |

## Sources

- theglobeandmail.com: https://www.theglobeandmail.com/investing/markets/commodities/BDZ25/pressreleases/30714737/tariffs-and-the-cattle-inventory-report-create-volatility-in-the-livestock-markets/

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