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US lean hog futures hit their lowest in nearly two months on 10 November after the 3-cent daily trading limit was hit the previous day. Traders feared the US-China trade war would last longer after President Trump announced tariffs on $200 billion of Chinese goods would rise to 25%.
Higher US-China tariffs threaten pork export demand to China, which is rebuilding its herd after African swine fever, so hog prices face downside pressure until a trade resolution.
porkbusiness.comJennifer Shike11 nov 2020Tras 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.
