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China's pork prices have nearly doubled since African swine fever hit its herds, with production in 2019 likely a few million tons short of demand. US farmers could gain export opportunities if US-China trade talks produce an agreement, though Chinese officials want additional US tariffs canceled.
Persistent Chinese meat shortfalls create import demand that could boost US agricultural exports, but the benefit depends on trade negotiations, so the price effect is uncertain.
cnbc.comEvelyn Cheng, Lilian WuOct 18, 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.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.
