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US hog prices were significantly above EU and Canadian hog values, which began to weaken US pork export demand. China hog values had fallen as much as 60% from their peak, limiting demand there.
Packers were selling more aggressively to Mexico but Asian sales remained weak.
Weaker export demand combined with rising seasonal hog supplies this fall points to downside risk for pork and hog prices. Lower exports leave more pork domestically.
porkcheckoff.org2 ago 2021Tras 123 eventos bajista de comercio pasados, Cerdo magro se movió una mediana de -0,4 % en 5 sesiones (43% al alza; mitad central entre -2,9 % y +2,0 %), y -0,2 % 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.
