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Bloomberg reports China bought 23,800 tonnes of US pork in the week ending March 7, its largest purchase since April 2017, according to USDA. June lean hog futures rose as much as 3.4% to 83.6 cents per pound on March 15, the highest since December.
China also began state reserve pork purchases of 50,000 tonnes starting March 15.
Large Chinese purchases of US pork and domestic restocking support global pork prices and hog demand, adding to the bullish outlook for US hogs.
ttnews.comMichael Hirtzer15 Mar 2019Setelah 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.
