Hedge Funds Cut Bullish Hog Wagers Days Before China Tariffs
- Net-long position falls to lowest in more than two years
- China announced retaliatory duties on imports of U.S. pork
Photographer: Qilai Shen/Bloomberg
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Hedge funds made the right call on hogs this week.
Money managers cut their bets on a rally to the lowest in more than two years in the week ending March 20. Three days later, China announced retaliatory tariffs on imports of U.S. pork, a move that sent hog prices tumbling in Chicago.