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April 2020 US trade data show pork exports up 22.3% and broiler exports up 7.6% year over year. Pork exports to China rose 365% in April and China became the top pork market.
African swine fever is cutting Chinese protein supply and pushing demand toward US meat.
Strong Chinese import demand for US pork and chicken supports hog and chicken prices while ASF keeps Chinese supply short.
tscra.orgWritten by: kristinJun 8, 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.
Not 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.
