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Lean hog futures rebounded on Nov 21 after a six-session sell-off, closing higher as USDA reported strong weekly pork export sales including sales to China. Chinese officials also said Beijing was willing to work with the US on core trade concerns, though reports suggested a phase one trade deal could slip into 2020.
Hog prices remain tied to China export prospects, and pork export demand supports slaughter and feed use, though the gain was viewed as a technical bounce.
grainews.caGFM Network News21 nov 2019Tras 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.
