Markets and economics Market Trends Government and regulatory

Pig outlook: lean hog futures prices at second-highest level on record

US pork market surges higher while pig producers take on the USDA over slaughter line speeds.

13 June 2021

9 minute read

By: Jim Wyckoff

Chart showing the trading trajectory of August US lean hog futures — Price uptrend still in place and bulls have the solid overall near-term technical advantage. No early chart clues that market top is close at hand.
© Jim Wyckoff

Sides of frozen pork in cold storage — Current prices at pork wholesale markets are edging towards all-time highs

Workers in a meat plant standing near a conveyer belt — US pork producers are appealing a court decision that would slow slaughter line speeds at meat plants

US Agriculture Secretary Tom Vilsack — USDA Secretary Vilsack is hoping to balance worker safety with farm productivity

Person cutting pork — JBS confirmed that employee data was not compromised in the ransomware attack

Jim Wyckoff

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