{"id":141876,"date":"2019-02-15T10:43:58","date_gmt":"2019-02-15T15:43:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=141876"},"modified":"2019-02-15T06:45:12","modified_gmt":"2019-02-15T11:45:12","slug":"lean-hogs-analysis-farmers-hope-for-the-cancellation-of-duties","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/lean-hogs-analysis-farmers-hope-for-the-cancellation-of-duties\/","title":{"rendered":"Lean Hogs Analysis: Farmers hope for the cancellation of duties"},"content":{"rendered":"
February 15, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Farmers hope for the cancellation of duties<\/strong><\/p>\n

US Treasury Secretary Steven Mnuchin said that he was pleased with the progress of the US-China trade negotiations. Will LHOG prices<\/a> rise?<\/p><\/blockquote>\n

In April and July 2018, China sharply raised its duties on American pork in response to the increase in duties in the US on Chinese aluminum and other metals. Because of this, the volume of pork exports from the US to China decreased by 55% last year compared with 2017. Theoretically, the normalization of trade relations between the two countries and the cancellation of duties may increase the demand for American pork. An additional factor for the possible growth of quotations may be the registration of new cases of swine fever in Europe and Asia. Amid this, pork exports from Brazil in the first 6 days of February increased by 50% compared with the average daily volume of January and reached 2.8 thousand tons per day.<\/p>\n

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

On the daily timeframe, LHOG: D1<\/b> is in the support line of the uptrend. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of the cancellation of duties on American pork in China.<\/p>\n