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Lean hog futures rallied on September 13 after Beijing exempted US pork from additional tariffs. The decision followed a sharp rise in Chinese pork prices caused by African swine fever, which has killed off much of China's herd.
Tariff exemptions improve US pork's competitiveness in China, where herd losses from African swine fever are driving import demand higher.
marketwatch.comMyra P. SaefongSep 14, 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.
