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CME lean hog futures rallied on June 27 on short-covering and position squaring before month and quarter end, after prices hit multi-month lows earlier that week. USDA's quarterly hog report showed the US herd on June 1 up 3.6% from a year earlier, near trade expectations, and US pork export sales were solid with 10,400 tonnes sold to China.
A growing hog herd adds supply and pressures lean hog prices, though short-covering and firm export demand offered temporary support. Feed costs and export demand from China remain the key swing factors for hog margins.
thepigsite.comEmily Houghton28 jun 2019Tras 159 eventos bajista de informe pasados, Cerdo magro se movió una mediana de -0,2 % en 5 sesiones (47% al alza; mitad central entre -2,2 % y +1,3 %), y +1,0 % 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.
