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Pig outlook: hog futures in third-strongest rally ever…and prices climbing

US demand for pork and bacon seems likely to continue despite retail prices creeping up.

9 April 2021

5 minute read

By: Jim Wyckoff

Chart showing the trading trajectory of June US 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 market top is close at hand.
© Jim Wyckoff

Frozen sides of pork hanging in a freezer — Frozen pork exports fell off slightly last week, but continuing outbreaks of ASF in China suggest that there is still demand for US pork.

Vet observes pigs in an indoor barn — Resurging outbreaks of African swine fever are hindering China's efforts to rebuild its depleted pig herd

Jim Wyckoff

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