Defying the Odds Thus Far
Nonetheless, MOO remains an outstanding performer despite the ebbs and flows of the market’s reactions to trade concerns. The ETF is up 1.27 percent year-to-date and 15.46 percent the past year.
It remains to be seen whether MOO can continue to defy the odds, sustain its upward trajectory and maintain its positive performance. However, market experts are skeptical.
“I would suspect by the end of the year, hog producers will be losing quite a bit of money,” said Christine McCracken, executive director of animal protein at Rabobank. “Part of it is just surplus pork on the market. We’ve been in an expansion mode.”
For more market trends, visit ETFTrends.com