{"id":113611,"date":"2017-09-27T08:58:06","date_gmt":"2017-09-27T12:58:06","guid":{"rendered":"http:\/\/countingpips.com\/?p=113611"},"modified":"2017-09-27T07:15:13","modified_gmt":"2017-09-27T11:15:13","slug":"lean-hogs-technical-analysis-frozen-pork-reserves-slightly-decreased-in-the-us","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/lean-hogs-technical-analysis-frozen-pork-reserves-slightly-decreased-in-the-us\/","title":{"rendered":"Lean Hogs: Technical Analysis – Frozen pork reserves slightly decreased in the US"},"content":{"rendered":"
September 27, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

Frozen pork reserves slightly decreased in the US<\/strong><\/p>\n

In August, frozen pork reserves declined in the United States. Will the LHOG prices<\/a> grow?<\/p>\n

According to the US Department of Agriculture monthly report, the US frozen pork reserves amounted to 575.7 mln pounds in August 2017. This is by 5.5% less than in August of the last year, when they were 608.9 mln pounds. Let us recall that previously the Ministry of Agriculture of China reported a reduction in the livestock of pigs in the country by 5.6% in August 2017 compared with the same month in 2016.<\/p>\n

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

On the daily timeframe, LHOG: D1<\/b> continues to be in the falling trend. However, its decline has slowed down and some indicators are giving bullish signals. The upward correction of prices is possible in case of an increase of world demand for pork.<\/p>\n