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US lean hog futures rose on 27 August after technical factors buoyed prices. October lean hogs closed up 0.175 cents at 55.725 cents per pound, as USDA data showed China buying 11,216 tonnes of US pork, its largest purchase in a month.
Chinese pork purchases support export demand and hog prices. The modest gain reflects steady but not strong market momentum.
thepigsite.comMegan HowellAug 28, 2020After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.
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.
