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    Pig outlook: lean hog futures bulls still have power

    Lean hog futures are trending higher this week and US pork producers are resisting an order that would slow slaughter speeds at processing plants.
    calendar icon 28 May 2021
    clock icon 6 minute read
    By: Jim Wyckoff
    North America
    Chart illustrating the trading trajectory of August US lean hog futures
    Price uptrend in place and bulls have the solid overall near-term technical advantage. No early chart clues that market top is close at hand.

    © Jim Wyckoff

    Market stall selling sausage
    US pork exports have rebounded after weeks of low numbers
    Meat plant employees working at a conveyer belt
    Agricultural economists warn that the slower line speeds will negatively impact small-scale pig producers

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    Jim Wyckoff

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