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April lean hog futures hit a new contract high this week within a strong uptrend. Cash hog bids dipped, while Chinese demand expectations rose amid African swine fever and other winter hog diseases.
Futures premiums to the cash index raise downside risk if cash prices soften, but disease-driven Chinese import demand supports hog prices and feed use.
thepigsite.comMegan HowellFeb 19, 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.
