CME update: lean hog futures gain ground on technical buying

US lean hog futures rose slightly on 15 December on follow-through buying stemming from a rally on Monday 14 December.
calendar icon 16 December 2020
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China's pig and sow herds, ravaged by African swine fever over the past two years, recovered to more than 90 percent of normal levels by the end of November, the official news agency Xinhua said on Tuesday 15 December. Production capacity should fully recover by the first half of next year, said Xinhua, citing the Ministry of Agriculture and Rural Affairs.

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