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US pork prices have risen as a hot summer has reduced hog weights and output. Hog prices had been expected to depend on the US-China trade war and African swine fever, which has spread across Asia and Eastern Europe and cut production by about 30%.
Expected Chinese demand has failed to materialize, leaving a large US herd.
Heat-related losses in weights and output tighten US pork supply, supporting prices, though the direction of future moves depends on trade developments.
theguardian.comEdward HelmoreJul 27, 2019After 12 past bullish weather events, Lean Hogs moved a median +1.5% over 5 sessions (58% higher; middle half -1.6% to +7.1%), and -3.9% 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.
