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Jim Long of Genesus discussed North American pig prices, which have been unprofitable for producers, and said the USMCA and the US-China phase one deal could lift prices. He also noted Chinese hog prices have risen sharply after African swine fever.
Expected price recovery could improve hog producer margins and feed buying, though the outlook remains speculative and depends on trade implementation.
thepigsite.comJan 24, 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.
