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US pork producers responded cautiously to the phase one US-China deal, which calls for China to raise annual purchases of US farm goods to at least $40 billion over two years. No product details were available yet.
Hog futures rose about 1% on the news.
A larger Chinese commitment to US farm goods could lift pork export demand and hog prices, though the lack of specifics limits the near-term effect.
axios.comCourtenay Brown16 Des 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.
Dec 16 coverage of the phase one deal ($40B in annual farm purchases) tied the day's hog futures gains directly to the trade news, though the cited rise of about 1% is far smaller than the 7.5% move.
