Pig outlook: full speed ahead for hog market bulls

US pork markets hit new highs and Canada revises its hog inventories.
calendar icon 19 March 2021
clock icon 6 minute read
Graph showing the trading trajectory of US April lean hog futures
Strong price uptrend still in place and bulls have solid power to suggest more upside in the near term. No early clues that the market top is close at hand.

© Jim Wyckoff

Salami in a wooden market stall
There has been strong US demand for hams, driving wholesale pork prices for February
Frozen pig carcasses hanging in a container
Canada is still working through its backlog of market-ready hogs
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