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CME lean hog futures fell on June 28 as nearby contracts were pressured by plentiful hog and pork supplies, after USDA's quarterly report showed the June 1 herd up 3.6% from a year earlier, above estimates. July hogs dropped to 72.1 cents per pound, and China's ban on Canadian meat imports raised fears of Canadian pork competing in the US market.
A larger herd and possible Canadian pork diversion add supply pressure on US hog prices. Deferred 2020 contracts gained on signs that herd expansion may slow.
agcanada.comAGCanada29 Jun 2019Setelah 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.
