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US pork exports rose 6% in 2018 and USDA expects a further 8% gain in 2019. Chinese buying fell in 2018 but other buyers more than offset it, and the US-Mexico-Canada Agreement eased trade tensions.
African swine fever in China may increase its pork imports.
Stronger export demand and possible Chinese import growth from African swine fever losses support hog and pork prices in 2019.
farmprogress.comChris HurtJan 3, 2019After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
