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“Hog prices gapped up as expected after the China trade talks and the market broke the upper boundary of the wedge pattern seen over the last couple of weeks, closing strong,” The Hightower Report said. “With exports accounting for 25% of U.S. pork production, the significant lowering of tariffs could substantially change the export outlook over the next 90 days after several weeks of minimal Chinese purchases. In addition, there is optimism regarding the many other trade deals in the works, which could also include new U.S. pork demand.”
