
CME lean hog futures closed higher for a third straight session on expectations that African swine fever in China would increase Chinese pork imports. USDA data showed China bought over 77,700 tonnes of US pork in the latest week, and Rabobank forecast up to 200 million Chinese pigs could be culled or die.
A large loss of Chinese hogs would sharply increase demand for imported pork, supporting US hog prices, though possible Canadian retaliatory tariffs are a bearish risk.
Setelah 177 peristiwa penyakit bullish sebelumnya, Babi Hidup (Lean Hogs) bergerak median +0,2% selama 5 sesi (52% lebih tinggi; separuh tengah -1,8% sampai +2,7%), dan +0,9% 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.
Lean hog futures rallied for a third straight session on 12 April on expectations that ASF in China would lift pork imports, directly describing the price momentum ahead of the move.
Lean hogs had rallied for three sessions into April 12 on ASF-related Chinese import expectations and large China pork buying, building the momentum that carried into the April 15 jump.