Pig outlook: Hog market awaits key USDA data

US pork exports strengthen after weeks of lags.
calendar icon 18 December 2020
clock icon 5 minute read
Chart showing the trade of February lean hog futures on the CME
Bulls showing some resilience amid choppy and sideways trading. Bullish double-bottom reversal pattern has now formed.

© Jim Wyckoff

Open air market for Chinese New Year
China has released more frozen pork from state reserves to ensure supplies before the Lunar New Year holiday.
Turkeys standing in a grassy field
US turkey exports are expected to gain ground in 2021, reversing some of the declines seen in 2020.
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