
CME lean hog futures hit the daily limit and approached a one-month high after hopes rose that China will boost US pork imports. China confirmed a new African swine fever outbreak in Sichuan, and it has reported more than 140 outbreaks.
Chinese pork prices have recently increased, and Chinese imports of US pork have so far fallen short.
Expectations of a Chinese buying program support US hog prices, which rely on large Chinese purchases to clear excess domestic inventories.
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.