{"id":107027,"date":"2017-06-07T11:35:41","date_gmt":"2017-06-07T15:35:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=107027"},"modified":"2017-06-07T11:13:35","modified_gmt":"2017-06-07T15:13:35","slug":"lean-hogs-technical-analysis-canada-has-overtaken-the-united-states-in-supplying-pork-to-china","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/lean-hogs-technical-analysis-canada-has-overtaken-the-united-states-in-supplying-pork-to-china\/","title":{"rendered":"LEAN HOGS: Technical Analysis – Canada has overtaken the United States in supplying pork to China"},"content":{"rendered":"
June 7, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

Canada has overtaken the United States in supplying pork to China<\/strong><\/p>\n

The exports of pork from the USA in April 2017 decreased by 11. 6% compared to March and amounted to 462.9 million pounds. Will the lean hog prices<\/a> fall?<\/p>\n

In the first quarter of 2017, Canada exported 93.000 tonnes of pork to China. In case of maintaining such volumes, annual exports may amount to 372 thousand tonnes. This is much more than the last year\u2019s real indicator of 161 thousand tonnes. Theoretically, this can be even more than the supply of pork from the US to China in the amount of 333 thousand tonnes in 2016. In the first quarter, the US exported 87.5 thousand tonnes. The replacement of American meat for Canadian may contribute to the excess of pork in the US and lower prices.<\/p>\n

\"LHOG\"<\/p>\n

On the daily timeframe, LHOG: D1<\/b> continues to be in a rising trend. Over the past 7 months, the price has doubled. Now, the lean hog price is trying to correct down. The further price decline is possible in case of a reduction in world demand for meat in the summer.<\/p>\n