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Genesus Genetics says the lean hog index fell $14.00 during March and April futures dropped about $15.00. It argues that China's 25% tariff hits pork offal and bellies, which are a growing share of carcass value, and that Hong Kong may become a route for U.S. pork to reach China.
Losing China as a buyer for offal and bellies reduces the value of the carcass and pressures hog prices, especially with record hog supplies.
thepigsite.comGlobal Ag Media15 Apr 2018Setelah 123 peristiwa perdagangan bearish sebelumnya, Babi Hidup (Lean Hogs) bergerak median -0,4% selama 5 sesi (43% lebih tinggi; separuh tengah -2,9% sampai +2,0%), dan -0,2% 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.
Futures had fallen about $15 on China's pork tariff fears, so the oversold market was set up for a sharp rebound as tariff panic eased and seasonal demand firmed.
Describes the steep March/April futures decline tied to China's pork tariff, which left prices oversold and set up a snapback, though it does not explain the day's upward move directly.
