◂ Event Timeline

Dec 13, 2019TRADEHong Kong

US chilled pork to help cool HK inflation

The first shipment of US chilled pork arrived in Hong Kong by sea and went on sale at more than 100 supermarkets from Friday. The US Meat Export Federation said shipping in bulk saves cost compared with air freight.

Hong Kong's average live pig auction price fell 17% on the day to HK$2,450 per 100 catties.

WHY IT MATTERS

New US chilled pork supply should ease Hong Kong pork inflation and gives US exporters a new channel in a high-demand market.

AFFECTSHOGS▲

SOURCE
asiatimes.comJeff PaoDec 13, 2019

Price reaction & history

HOGS▲bullishSO FAR1d -0.3%5d +9.0%20d +3.6%

After 85 past bullish trade events, HOGS moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.

Oct 18, 2019China's pork shortage could give US farmers a chance to cash in-2.8%
Mar 15, 2019China Buys Most US Pork in Two Years as Futures Extend Rally - TT+13.9%
Apr 14, 2019Hog virus pushes China to increase US pork purchases despite trade war | The Pig Site+8.5%
May 14, 2026Trump asks China to increase imports of US farm, food commodities | S&P Global+4.3%
Dec 16, 2019Pork industry wants to cash in on "phase one" U.S.-China trade deal+8.8%

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.

HOGS · GP ▸

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