However, international sanctions could weigh on pork and poultry as Russia has stated it will cut imports of U.S. beef, pork, poultry and other food items.
COW has a 44.7% position in lean hogs, UBC has 42.4% in lean hogs and LSTK has 42.9% in lean hogs.
“If you see exports of poultry and pork back up in the U.S., that pressure on prices from the increased supplies could trickle across the meat case,” Don Roose, president of brokerage U.S. Commodities.
iPath Dow Jones-UBS Livestock Subindex Total Return ETN
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