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USDA trade data show October total US pork exports rose 6% from prior reports but were down 8.2% year over year, with record exports to Mexico and Colombia. Pork imports into the US hit a record 115.6 million pounds in October.
Strong export demand from Mexico supports hog and pork values, while record imports add supply that could cap domestic pork prices.
portal.westernhogexchange.comNov 30, 2021After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
