Pig outlook: market bulls still in command

USDA changes its pig production forecast and China reports more outbreaks of African swine fever.
calendar icon 12 March 2021
clock icon 8 minute read
Chart showing the trading trajectory of US April lean hog futures
Price uptrend still in place and bulls have solid power to suggest more upside in the near term
Close-up image of soybeans
Chinese soymeal futures dropped this week, correcting a market surge seen in January
Young piglets in a stall nursing
Piglet production in Japan increased by 1% in 2020
multiple pigs in an indoor barn
Though ASF outbreaks in Ukraine have been declining, industry players have been cautious about investing further in the market
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