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US lean hog futures rose to their highest in over a week on Thursday after China's commerce ministry said both sides were discussing a September round of trade talks. Trump said talks were scheduled at a different level, without details.
Traders hope a deal would lift Chinese pork imports, which are needed due to African swine fever.
Hopes of a US-China deal raise expectations of stronger Chinese pork demand for US hogs, supporting hog prices, though no agreement exists yet.
financialpost.comReutersAug 29, 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.
