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US net beef and pork export sales and shipments were reported for the week, with pork sales led by Mexico and Japan. China's state planner moved to coordinate large hog farms to increase supply and cool soaring pork prices.
Avian influenza continues to hit US and European poultry.
China's push to sell more pigs could increase supply and ease import demand for pork, a bearish signal for hog prices and a modest factor for feed demand.
thepoultrysite.comSarah MikesellOct 21, 2022After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
