Pig outlook: Lean hog futures prices power still higher

China's recover from African swine fever is questioned and global food prices ratchet up.
calendar icon 5 February 2021
clock icon 7 minute read
Chart showing the future trading trajectory of US April lean hog futures
Accelerating price uptrend in place and bulls have full power to suggest more upside in the near term
Green combine harvester in a field, collecting soybeans
Global food prices have reached their highest level in over six years, prompting fears of global food inflation
butchered pork sides hanging in cold storage
China has increased pork auctions ahead of the Lunar New Year holiday
Workers standing at a conveyer belt, sorting pork cuts
Meat packing companies are in the crosshairs over their treatment of workers in the early days of the COVID-19 pandemic
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