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US hog futures look bright going into 2020

US hog futures kicked off 2020 by approaching seven-week highs in gains driven by increasing expectations for bigger sales of American pork to China.

US hog futures dropped on Friday (27 December) as pressure from large domestic supplies overshadowed an uptick in pork sales to China.

CME live hog futures were weaker this week as the market retreated from contract highs and uncertainty over China's demand for US pork.

US lean hog futures fell 2.4 percent on Monday, weighed down by bearish supply concerns, traders said.

Earlier, speakers at the Full-Field Development Forum cite the troubles of trying to keep up with investors changing demands.

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