Markets and economics Market Trends Government and regulatory

Pig outlook: lean hog futures prices power still higher

Pig prices are reaching record highs in the US, while the Chinese market seems poised for a downturn.

4 June 2021

7 minute read

By: Jim Wyckoff

Chart showing 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 the market top is close at hand.
© Jim Wyckoff

Outdoor hog market in the US — US hog weights are falling back from the levels seen in May 2020

Aerial view of the US Capitol rotunda — US meatpackers could face government scrutiny over business practices

View of the US Capitol grounds — Farm groups are calling on lawmakers and members of the administration to investigate the consolidation of the meat packing industry

Jim Wyckoff

More from this author

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.