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North American hog slaughter volumes kept packing plants near capacity, but strong export demand kept pork values high. U.S. pork exports reached 181,534 tonnes in October, up nearly 12% from September, as China's African swine fever outbreak cut its pork output by over 35%.
Chinese demand for imported pork is supporting North American hog and pork cutout prices despite heavy seasonal supply.
grainews.caGFM Network NewsDec 10, 2019After 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.
