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CME lean hog futures fell by the daily three-cent limit on March 28 after USDA reported net pork export sales of 21,468 tonnes for the week ended March 21, including 999 tonnes of net cancellations by China. USDA's quarterly Hogs and Pigs report, released the same day, was largely in line with expectations and showed the March 1 inventory 2.1% above a year earlier.
Китайские cancellations undercut expectations that China would lift US pork purchases to offset its ASF-driven herd losses, so hog prices may stay pressured after the rally.
grainews.caGFM Network NewsMar 28, 2019After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
