US lean hog futures surged the daily limit after a Tyson Foods executive said Q1 pork sales to China rose nearly 600 percent year over year. The rally was also driven by short-covering after April futures fell 16% the prior week.
Traders cautioned that the gain comes from a very low base.
Strong Chinese pork demand reported by a major packer supports hog prices, though the gain is off a low base and the rally was partly technical.
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.