◂ Event Timeline

Apr 29, 2019TRADEUS

U.S. livestock: CME lean hogs drop on demand concerns, plentiful supplies - Manitoba Co-operator

US lean hog futures fell for a third session on large hog supplies and cooling pork demand from cold, wet weather. Export demand from China has lagged despite hopes it would buy more US pork after African swine fever thinned its herd.

WHY IT MATTERS

Large hog supplies and weak export hopes push down hog prices, lowering the value of pork and reducing the outlook for hog-related feed demand.

AFFECTSLean Hogs▼

SOURCE
manitobacooperator.caGFM Network News, Karl PlumeApr 29, 2019

Price reaction & history

Lean Hogs▼bearishSO FAR1d -1.7%5d -1.3%20d -0.1%

After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.

Jul 17, 2018U.S. livestock: CME lean hogs, live cattle end lower - AgCanada-10.7%
May 3, 2022Chinese soybean crushers slow bean buying on poor margins - Manitoba Co-operator+0.6%
Sep 20, 2019U.S. livestock: Hogs drop as China delegation cancels farm visits - AgCanada+0.3%
Mar 23, 2018U.S. livestock: CME hogs slump again on cash prices, trade war threat - Grainews-5.7%
May 11, 2018U.S. livestock: CME hogs slump amid fund roll, NAFTA worries - AgCanada+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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