Traders Took Bit Of Premium Off Futures Today April 4, 2022
Hong Kong's ban of US poultry, rather than individual state by state bans, got the trade's interest. Though they are not a large buyer of US poultry, the trade will question is China is next. June hog futures set back 5.40 this week. That came despite a bullish quarterly Hogs & Pigs report. The US herd is at four year lows. Many traders had their eye on the downside chart gap, now filled in today's trade. Hog futures gapped lower and continued today.
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