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USDA estimated the US hog herd up 0.1% year-on-year as of June 1, above the trade's expected 0.7% decline. Lean hog futures rallied, with the CME lean hog index at $94.31 amid a seasonal cash price advance.
China's state planner also warned that hog prices had entered a critical zone and planned a second round of state pork purchases.
A larger-than-expected US herd is mildly bearish for hog futures, but strong seasonal cash prices and Chinese state pork buying support prices, so the net outlook for feed demand is mixed.
thepigsite.comSarah Mikesell6 jul 2023Tras 100 eventos alcista de informe pasados, Cerdo magro se movió una mediana de -0,2 % en 5 sesiones (49% al alza; mitad central entre -1,9 % y +2,0 %), y -0,4 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
