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A University of Missouri economist says the 2020 hog price outlook is bright after the phase one US-China agreement. The agreement includes $40 billion in annual Chinese farm purchases over two years and tariff relief.
Most 2020 lean hog futures traded above $68 per hundredweight, with summer contracts above $87.
Expected Chinese demand from African swine fever losses and the trade deal supports forward hog prices above production costs of about $63 per hundredweight.
nationalhogfarmer.comRon PlainDec 16, 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.
