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Lean hog futures rebounded that week from sharp losses, with analysts seeing a possible market bottom and a delayed seasonal rally. USDA reported US pork net sales of 24,100 MT, and China's April pork imports fell 67.6 percent year on year to 140,000 MT.
A sharp drop in China's pork imports reduces global pork demand, which caps hog price upside even as the domestic seasonal rally begins.
thepigsite.comSarah MikesellMay 19, 2022After 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.
