◂ Event Timeline

Sep 5, 2023TRADEUS

CME lean hogs approach one-month high on US export outlook

CME lean hog futures neared a one-month high as expectations grew for higher U.S. pork exports. High pig prices in Europe are pushing global importers to shift purchases to the United States, where pig prices have been weaker.

WHY IT MATTERS

Stronger export demand for U.S. pork supports hog prices and can increase demand for feed used in hog production.

AFFECTSLean Hogs▲

SOURCE
reuters.comTom PolansekSep 5, 2023

Price reaction & history

Lean Hogs▲bullishSO FAR1d -0.4%5d -0.9%20d -3.2%

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.

Feb 16, 2024Lean Hogs Gapped Higher and Rallied post Export Sales - IBest Media+3.9%
Feb 15, 2024U.S. livestock: Lean hogs advance after strong US pork export data+9.6%
Apr 7, 2021Lean hogs gain as African Swine Flu worries open up export markets | Financial Post+2.5%
Dec 7, 2018CME lean hogs rebound, market eyes U.S.-China trade talks-0.3%
Feb 12, 2021Pig outlook: Lean hog futures continue solid bull run | The Pig Site+10.4%

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.

Lean Hogs HOGS · GP ▸

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