# US pork market rallying with hopes for trade with China
						 | The Pig Site

> US lean hog futures rallied sharply on May 1, with several contracts closing at the daily limit on technical buying after a prior drop of more than 10%. Traders awaited USDA weekly export sales data for confirmation of Chinese purchases following US-China trade talks in Beijing.

- Date: 2019-05-02 · published 2019-05-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/59217-us-pork-market-rallying-with-hopes-for-trade-with-china-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Hopes for Chinese pork purchases and a technical rebound lifted hog futures, though the rally depends on confirmed export sales.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2019/05/us-pork-market-rallying-with-hopes-for-trade-with-china

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.