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A University of Missouri livestock economist said the lean hog market will likely stay focused on exports for the rest of 2019. USDA export sales showed higher sales to Mexico, while hoped-for Chinese buying has not yet materialized.
Supplies of pork are very large.
Strong Mexican buying supports hog prices, but with heavy domestic supplies, prices depend on keeping export demand steady until Chinese purchases appear.
brownfieldagnews.comMeghan GrebnerJul 24, 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.
