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    Pig outlook: lean hog futures trying to recover and having some success

    Pig prices in the US are starting to recover, as reports from China suggest that a variant of African swine fever (ASF) is circulating in the pig population.
    calendar icon 2 July 2021
    clock icon 8 minute read
    By: Jim Wyckoff
    North America
    Asia
    Chart showing the trade trajectory of August US lean hog futures
    Prices still in downtrend and bears are in near-term technical control. However, recent rebound does begin to suggest the market has bottomed out

    © Jim Wyckoff

    Woman with a shopping cart standing in front of a grocery meat case
    Economists expect that prices will remain high through mid-July due to strong consumer demand and tight supplies
    Close-up of long-term trading graphs
    Average monthly pork sales are increasing from the lows seen in May
    Man standing in front of a logo
    Jim Long provides a weekly commentary on the US hog industry
    Sides of pork hanging in a freezer
    China will start to purchase pork for its local reserves - its first in over two years

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    Jim Wyckoff

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