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Bloomberg reports China bought 23,800 tonnes of US pork in the week ending March 7, its largest purchase since April 2017, according to USDA. June lean hog futures rose as much as 3.4% to 83.6 cents per pound on March 15, the highest since December.
China also began state reserve pork purchases of 50,000 tonnes starting March 15.
Large Chinese purchases of US pork and domestic restocking support global pork prices and hog demand, adding to the bullish outlook for US hogs.
ttnews.comMichael Hirtzer15 mar 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.
