COVID-19 pandemic continues to inflict heavy toll on US hog and feed industries

Pork producers, like most other agricultural sectors, are trying to figure out how to stay afloat, financially, during this most difficult period - holding out hope that world economies will begin to ramp up activity as soon as next week.
calendar icon 20 April 2020
clock icon 4 minute read
Lean hog prices in the US in steep downtrend and bears have strong technical advantage.
Prices in steep downtrend and bears have strong technical advantage.

Recent price downdraft suggests market will soon put in a bottom. © Jim Wyckoff

US corn bears have solid technical advantage amid no signs of a market bottom
Corn bears have solid technical advantage amid no signs of a market bottom

Next downside target is support at $3.01. © Jim Wyckoff

Soybean meal prices in steep downdraft
Prices in steep downdraft.

More gains in near term would suggest market bottom is in place. © Jim Wyckoff

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