Pig outlook: Lean hog futures rebound to suggest market bottom in place

US pork prices bounce back and China revises its sow herd projections.
calendar icon 24 September 2021
clock icon 5 minute read
Graph showing the trading trajectory of October US lean hog futures
Bears have overall near-term technical advantage as prices trending down. However, minor bull flag pattern forms. Upside breakout from pattern would suggest market bottom in place.
Vet holding a handful of pig feed
The USDA's quarterly report on the hog industry is expected to show that the US pig herd is shrinking
White pigs crowded together
China has had to revise its plans to rebuild its pig herd after multiple outbreaks of African swine fever
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