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US lean hog futures approached seven-week highs at the start of 2020 on expectations of larger US pork sales to China after the initial trade deal. The February contract reached its highest price since mid-November, and Phase 1 signing was set for January 15.
Expectations of stronger Chinese pork demand support hog prices and the feed demand that accompanies larger hog production.
thepigsite.comEmily HoughtonJan 3, 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.
