{"id":170944,"date":"2020-05-22T08:35:23","date_gmt":"2020-05-22T12:35:23","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170944"},"modified":"2020-05-22T07:44:17","modified_gmt":"2020-05-22T11:44:17","slug":"lean-hogs-analysis-rising-chinese-pork-imports-bullish-for-lhog","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/lean-hogs-analysis-rising-chinese-pork-imports-bullish-for-lhog\/","title":{"rendered":"Lean Hogs Analysis: Rising Chinese pork imports bullish for LHOG"},"content":{"rendered":"
May 22, 2020<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Rising Chinese pork imports bullish for LHOG<\/strong><\/p>\n

China\u2019s pork deficit due to African Swine Fever (ASF) has resulted in rising Chinese pork imports. China imported 95,892 tons of US pork, up 250% from a year ago, according to the US Meat Export Federation. And while China is working to rebuild its pig herd, analysts estimate China\u2019s pork imports will continue to rise this year. China\u2019s reported Q1 pork imports are up 118% to nearly 1.2 million tons. The US accounts for 23% while the EU remains the primary supplier with a 61% market share. Rising Chinese imports are bullish for LHOG. However, US pork prices are pressured by increasing supply as meat processing plants restart after covid-19 shutdowns. At the same time demand is lower despite coming Memorial Day holiday next Monday. American pork slaughterhouses were operating through Wednesday at 85% of year ago levels as workers returned to plants. Wholesale pork prices climbed for the first time in four days but are still 18% below a five-year high of $121.66 per 100 pounds, according to US Department of Agriculture. Rising US supply and lower demand are downside risk for pork.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 58.73<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 55.74<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Rising Chinese pork imports bullish for LHOG China\u2019s pork deficit due to African Swine Fever (ASF) has resulted in rising Chinese pork imports. China imported 95,892 tons of US pork, up 250% from a year ago, according to the US Meat Export Federation. And while China is working to rebuild its pig herd, […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170944","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170944","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170944"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170944\/revisions"}],"predecessor-version":[{"id":170961,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170944\/revisions\/170961"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}