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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 de abr. de 2019Após 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.
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.
