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Lean hog futures rallied sharply as traders covered short positions and hoped a China trade deal would lift US pork exports. Cash hog bids were lower than asking prices, and cattle markets were mixed.
Some traders worried a China deal could raise production costs.
Hopes for improved Chinese pork demand support hog prices and could lift demand for feed. The gains depend on an unconfirmed trade agreement, so the move may be short-lived.
dtnpf.comRick KmentFeb 21, 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.
