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China's purchases of US pork in the week ended April 4, 2019 reached 77,732 tonnes, the highest in at least six years and the largest weekly sale since USDA records began in 2013. USDA forecast that China's pork imports would rise 41% from 2018 to a record as African swine fever cuts its herd.
Record Chinese purchases of US pork support export demand and hog prices, even though retaliatory duties remain in place.
thepigsite.comEmily Houghton14 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.
Record weekly Chinese purchases of US pork (77,732 t) published just before the move signal strong export demand driven by ASF, a direct bullish demand driver for lean hogs.
Record weekly Chinese purchases of US pork (77,732 t) reported just before the move boosted export-demand expectations from ASF-driven shortfalls, supporting a sharp lean hog rally.
