Laden…
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 2018Na 123 eerdere neerwaarts handel-gebeurtenissen bewoog Magere varkens zich mediaan -0,4% over 5 sessies (43% hoger; middelste helft -2,9% tot +2,0%), en -0,2% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
