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Lean hog futures traded above 90 cents per pound for the first time since 2014, with prices having more than doubled over eight months. Pork exports to Mexico and South Korea have soared, and global buyers are strong despite concerns over Trump's trade stance.
Surging export demand for pork supports hog prices and steady hog feed requirements into the July 4 period.
ottumwacourier.comJun 30, 2017After 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.
