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Lean hog futures dropped sharply this week after pork belly prices, which had been near record highs, fell about 25 dollars per hundredweight in one session. Analysts say uncertainty over possible new trade and tax policies is adding pressure to the hog market.
Lower hog futures and weaker pork cutout values reduce hog producer margins and can cut demand for hog feed, while trade uncertainty adds downside risk to export demand.
mysteinbach.caCorwyn Friesen, mySteinbachFeb 24, 2017After 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.
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.
