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USDA data show July US pork export volume rose 1.5% year over year to 176,413 mt, while export value fell 5% to $465.3 million. Retaliatory duties of 20% in Mexico and 62% in China weighed on prices, though buyers elsewhere stepped up purchases.
Retaliatory tariffs are cutting the value of US pork exports, weighing on hog prices and shifting trade toward non-tariffed buyers.
tscra.orgWritten by: kristinSep 10, 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.
