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Analyst Kevin Bost forecasts a CME Lean Hog Index averaging about $81 in Q2, $82 in Q3 and $70 in Q4, with prices peaking near $90 in July. His forecast assumes a 10% year-on-year rise in US pork exports in Q2 and 31% in both Q3 and Q4, driven by China demand and firm wholesale demand.
He spoke during the Quarterly Hogs and Pigs call.
Projected export growth to China would support hog prices and feed demand through the second half of 2019.
brownfieldagnews.comMeghan GrebnerMar 29, 2019Not enough comparable past events yet for a historical read.
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.
