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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.
country-guide.caJulie Ingwersen12 apr 2019Dopo 177 eventi malattie rialzista passati, Suini magri si è mosso in mediana di +0,2% in 5 sedute (52% in rialzo; metà centrale da -1,8% a +2,7%), e di +0,9% 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.
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.
