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Lean hog futures have risen from June lows and technical momentum favors the bulls, with August futures trading in a $102.10 to $110.00 range. African swine fever was detected in farm pigs in Germany, and Chinese officials expect hog prices to keep rebounding in stages.
Rising hog prices and firm packer margins support feed demand, while ASF in Germany adds disease risk to global pork supply. Stronger hog prices tend to support soybean meal and corn demand over the coming months.
thepigsite.comMegan HowellJul 23, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
