Laden…
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 2019Na 85 eerdere opwaarts handel-gebeurtenissen bewoog Magere varkens zich mediaan +0,8% over 5 sessies (54% hoger; middelste helft -1,8% tot +4,5%), en +4,0% 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.
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.
