Loading…
The Dalian Commodity Exchange released China's first official lean meat pork price index on March 24. It is calculated from 89 large pork processors across 16 regions, representing 32% of national supply, and will underpin future hog futures contracts.
The index is a step toward hog futures and government monitoring of the pig cycle, which could dampen extreme domestic price swings and change the timing of Chinese import demand.
nationalhogfarmer.comApr 5, 2017After 122 past policy events, HOGS moved a median -0.2% over 5 sessions (46% higher; middle half -2.1% to +1.6%), and -0.3% over 20.
After 734 past policy events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% over 20.
After 1,623 past policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.4% to +1.5%), and +0.4% 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.
