
Lean hog futures rose on April 30 on strong weekly pork export sales and firmer wholesale pork prices. The pork cutout jumped nearly $10 as slaughter fell due to plant closures from coronavirus infections.
Strong export demand and tight packer supplies support hog prices, which supports demand for feed inputs in 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.
Lean hog futures rose on Apr 30 on strong export sales and a near $10 jump in the pork cutout as plant closures cut slaughter, which fed directly into the rebound in the week ending May 3.