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Pig outlook: Lean hog futures bulls come back to life

US hog markets rallied this week while China's pig industry begins to restructure.

29 January 2021

6 minute read

By: Jim Wyckoff

Chart showing the trajectory of US April lean hog futures — Price uptrend restarted and bulls have a full head of steam to suggest more upside in the near term.
© Jim Wyckoff

Pigs in an indoor barn playing with a wooden block on a chain — USDA data suggests that hog inventories are down 1 percent from last year and numbers of breeding animals were down 3 percent

Chilled meat counter at a grocery store — China continues to buy US pork despite reports that their pig herd has rebounded

Jim Wyckoff

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