Pig outlook: Lean hog futures remain in strong price uptrend

US cold snap roils the agriculture sector but potential consumer spending signals a rebound.
calendar icon 19 February 2021
clock icon 6 minute read
TV screen with a green arrow pointing up next to the word "pork"
US lean hog futures continued to rise this week, hitting a new contract high
Graph showing the trading trajectory of April US lean hog futures
Accelerating price uptrend in place and bulls have full power to suggest more upside in the near term
black sow standing outside in the snow
Recent cold weather has forced many processing centres to close and is raising animal welfare concerns
Outdoor market stall with cured meat
Germany has been able to keep its domestic pig herd free of African swine fever
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