
Lean hog futures extended their bull run as USDA export sales confirmed strong worldwide demand for US pork. Record 2020 pork exports were led by China, and reports of disease in China's hog herd added to buying interest.
The pork cutout rose $3.25 to $87.49.
Strong export demand and disease-driven Chinese import needs tighten US pork supplies and support hog prices. Buyers of hog-related feed should expect firm demand for feed grains and meals tied to hog production.
Setelah 85 peristiwa perdagangan bullish sebelumnya, Babi Hidup (Lean Hogs) bergerak median +0,8% selama 5 sesi (54% lebih tinggi; separuh tengah -1,8% sampai +4,5%), dan +4,0% 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.