
Bloomberg reports U.S. pork production is poised for an all-time high in 2018 and rising again in 2019, while tariffs from China and Mexico threaten export demand. Hog futures are trading near their lowest seasonal levels since 2002.
Excess domestic pork supply with weakened export outlets is bearish for hog prices and lowers the cost of pork-based feed inputs such as meat and bone meal.
Setelah 123 peristiwa perdagangan bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,4% selama 5 sesi (43% lebih tinggi; separuh tengah -2,9% sampai +2,0%), dan -0,2% selama 20 sesi.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
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.
Bloomberg report of record pork production and tariff threats to exports, with hogs near seasonal lows, is a bearish supply/demand narrative hitting the same day.