
US lean hog futures dropped by the daily limit on June 26 after the USDA report showed a record-large June 1 hog supply, up 5.2% year on year against an expected 3.7%. Economic worries tied to rising COVID-19 cases also weighed on the market, and July, August and October contracts hit lows.
A heavier-than-expected supply of market-ready hogs lowers near-term hog prices and signals softer demand for feed going into the summer.
Setelah 159 peristiwa laporan bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,2% selama 5 sesi (47% lebih tinggi; separuh tengah -2,2% sampai +1,3%), dan +1,0% 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.