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HAMS Marketing Services said North American hog prices need better export sales in all markets to improve in the fourth quarter. It cited abundant supply and an uncertain trade situation, and noted a recent China purchase of about 10,000 metric tonnes of US pork.
Hog prices depend on export demand absorbing ample supply, so trade uncertainty keeps futures volatile and limits upside.
thepigsite.comEmily HoughtonSep 25, 2019After 28 past neutral trade events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +0.7%), and -0.3% 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.
