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Lean hog futures rose on March 6 to their highest since February 26 after USDA reported China bought 4,475 tonnes of US pork in the week to February 27. Shipments to China reached 17,531 tonnes, and China was expected to cut retaliatory duties on US goods including pork.
Stronger Chinese purchases and expected tariff relief raise export demand for US pork, supporting hog prices.
thepigsite.comMegan HowellMar 6, 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.
