
USDA estimated the US hog herd up 0.1% year-on-year as of June 1, above the trade's expected 0.7% decline. Lean hog futures rallied, with the CME lean hog index at $94.31 amid a seasonal cash price advance.
China's state planner also warned that hog prices had entered a critical zone and planned a second round of state pork purchases.
A larger-than-expected US herd is mildly bearish for hog futures, but strong seasonal cash prices and Chinese state pork buying support prices, so the net outlook for feed demand is mixed.
Setelah 100 peristiwa laporan bullish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,2% selama 5 sesi (49% lebih tinggi; separuh tengah -1,9% sampai +2,0%), dan -0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.