Caricamento…
National negotiated hog carcass prices rose about $30 per cwt (67%) in six weeks to roughly $75.50 in mid-April 2019, the highest since mid-July. The April lean hog contract expired at $79.30, with the rally driven mainly by optimism about pork export demand.
Expected record pork exports against heavier hog weights support hog prices, while higher exports help offset large domestic supplies.
nationalhogfarmer.comRon Plain15 apr 2019Dopo 85 eventi commercio rialzista passati, Suini magri si è mosso in mediana di +0,8% in 5 sedute (54% in rialzo; metà centrale da -1,8% a +4,5%), e di +4,0% in 20.
Variazioni del benchmark di ciascuna materia prima rispetto all'ultima chiusura prima dell'evento. Le letture storiche raggruppano eventi passati dello stesso tipo; descrivono ciò che è accaduto, non ciò che accadrà. Non è consulenza di investimento.
Mid-April cash carcass price surge and April contract expiry at $79.30 reflect export-demand-driven strength, and expiry/cash convergence likely contributed to futures buying.
Describes the six-week rally in hog prices on export optimism and the April contract expiry at $79.30, which is consistent with the move, though dated just after the window.
