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Lean hog futures ended lower on Monday as worries about deteriorating relations between the United States and China weighed on the market. June lean hogs settled down 2.25 cents and July futures down 1.875 cents.
Trade tension with China, a major pork buyer, raises the risk of weaker export demand and lower hog prices.
reuters.comJulie IngwersenJun 2, 2020After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
