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Front-month hog futures extended gains on Thursday after USDA export sales showed record weekly pork bookings of 71,855 MT, with Mexico, China and Japan as main buyers. The National Average Base Hog price and CME Lean Hog Index also moved higher.
Robust pork export demand supports hog prices and signals firm domestic meat demand heading into spring marketing.
ibestmedia.com15 feb 2024Tras 85 eventos alcista de comercio pasados, Cerdo magro se movió una mediana de +0,8 % en 5 sesiones (54% al alza; mitad central entre -1,8 % y +4,5 %), y +4,0 % 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.
Front-month hogs extended gains on Feb 15 after record pork bookings to Mexico, China and Japan, with cash and index prices also higher, directly matching the move.
Front-month hogs extended gains on the record export bookings, with the cash index and base hog price also rising.
