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The animal protein sector of the commodities market can be highly volatile. When trading meats, it is wise to view each delivery month as a separate entity as seasonality can play a significant role in price volatility and the momentum of trends.
In 2018 and 2019, the trade war between the US and China added a new dynamic to the supply and demand fundamentals for beef and pork futures. Additionally, the outbreak of African swine fever in China and neighboring countries has killed millions of pigs is causing a shortage of pork. China is the