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The CME lean hog index rose to $104.95 as of June 16, its largest daily gain of the seasonal rally, and hog futures set contract highs. China's May pork imports reached 90,000 metric tons, up 11.7% year over year.
Strong cash hog values and rising Chinese pork imports support hog prices and reflect firm demand for pork, which underpins feed demand.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.