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US lean hog futures rebounded from earlier May lows as cash hog prices rose sharply. Traders cited hopes of continued Chinese pork purchases and an Argentine temporary beef export ban.
China's pork imports for January to April rose 18.1% year on year.
Stronger export demand for US pork and firmer hog futures support livestock margins and feed demand from hog producers.
thepigsite.comMegan HowellMay 21, 2021Not 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.
