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Rabobank's Q2 2018 Pork Quarterly says the China-US trade dispute will distort markets and weigh on North American pork values. Chinese hog prices have fallen about 30% this year amid oversupply, and possible tariffs on US soybeans add cost pressure.
Trade barriers cut US pork export outlets and pressure hog values, while potential soybean tariffs raise feed costs for Chinese producers and could reduce soymeal demand.
pig-world.co.ukJohn SwireApr 24, 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.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
