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US hog futures stabilised after recent heavy selling, with analysts expecting higher prices in coming weeks. China moved to relax tariffs on nearly 700 US farm goods, including pork.
The article also gave next-week trading ranges for lean hogs, soybean meal, soybeans and corn.
Tariff relief and China's protein needs support US pork export prospects, which underpins hog prices and modestly supports soybean meal demand.
thepigsite.comEmily HoughtonFeb 21, 2020Not enough comparable past events yet for a historical read.
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.
