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December lean hog futures hit a 7.5-month high earlier in the week before dropping sharply, putting the near-term uptrend at risk. US pork cutout values rose with all cuts posting gains.
Hog traders expect China's ban on German pork to lift US pork imports.
Rising cutout values and expected Chinese import demand support hog prices, though the sharp pullback from highs signals volatility.
thepigsite.comJim Wyckoff More from this authorSep 18, 2020Not 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.
