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The trade war hit the global hog industry at a poor time, after worldwide pork production expanded to record levels. Producers had expected rising meat demand and cheap feed from a grains glut.
Oversupplied global pork markets and lost export access weigh on hog prices and reduce demand for feed ingredients.
reuters.comTom Polansek, Hallie GuDec 27, 2018After 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.
