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Lean hog futures rose on Thursday at the CME on strong US pork export demand and follow-through buying. USDA reported pork export sales of 71,855 metric tons for the week ended Feb.
8, up 106% from the prior four-week average, the biggest for this marketing year since 2019.
Large purchases by Mexico and China strengthen the export outlook and support hog prices, reinforcing demand for pork and related feed.
farmtario.com15 de fev. de 2024
agcanada.comAGCanada15 de fev. de 2024Após 85 eventos altista de comércio passados, Suínos magros subiu em mediana +0,8% em 5 sessões (54% de alta; metade central de -1,8% a +4,5%), e +4,0% em 20.
Variações do benchmark de cada commodity desde o último fechamento antes do evento. As leituras históricas agregam eventos passados do mesmo tipo; descrevem o que aconteceu, não o que vai acontecer. Não é recomendação de investimento.
Record weekly pork export sales of 71,855 MT reported Feb 15 (up 106% vs four-week average) lifted export demand expectations and drove the lean hog rally on the move date.
Export sales up 106% vs the four-week average, the biggest this marketing year since 2019, drove follow-through buying in hog futures.
