Hog, Corn Futures Jump as U.S., Mexico Agree on Trade Deal
- Hog futures rise by 3-cent exchange limit in Chicago trading
- Mexico imports more American pork than any other country
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The agriculture markets are getting a lift as U.S. trade relations improve with Mexico, one of the largest foreign buyers of American meat and grain.
President Donald Trump on Monday announced that the U.S. and Mexico have a trade agreement. Hog futures jumped earlier and corn erased most of its losses after Bloomberg News reported that a deal was coming. Mexico imports more pork from American farmers than any other country and is a major destination for corn.