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Star Tribune reports that China's pig herd fell about 17% in the 12 months to February 28 because of African swine fever, sending US hog futures sharply higher. October lean hog futures closed at $82.23 on Friday, up from about $140 per head three weeks earlier, and farmers rushed to lock in sales.
Expected Chinese pork shortfalls are lifting US hog prices and encouraging forward sales, which could support hog-feed demand in the near term.
startribune.comAdam BelzMar 29, 2019After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% 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.
