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US lean hog futures rose to their highest in over a week on Thursday after China's commerce ministry said both sides were discussing a September round of trade talks. Trump said talks were scheduled at a different level, without details.
Traders hope a deal would lift Chinese pork imports, which are needed due to African swine fever.
Hopes of a US-China deal raise expectations of stronger Chinese pork demand for US hogs, supporting hog prices, though no agreement exists yet.
financialpost.comReuters29 ago 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.
