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    Pig outlook: Chart consolidation in lean hog futures this week is not bearish

    US lean hog futures remained choppy this week and Asia's potential pork consumption is in the spotlight.
    calendar icon 15 January 2021
    clock icon 6 minute read
    By: Jim Wyckoff
    North America
    Asia
    Graph showing the trade trajectory of US April lean hog futures
    Prices still trending higher from November low. Path of least resistance remains sideways-higher.

    © Jim Wyckoff

    Pork sides in a cold storage freezer
    US pork supplies have boomed recently as export volumes dropped.
    Pig vet standing in front of an outdoor pig sty
    African swine fever (ASF) has severely impacted China's pork consumption.
    Open air meat market in Asia
    Taiwanese shoppers have voiced concerns over US pork raised with the leanness-enhancing additive ractopamine.

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    Jim Wyckoff

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