Hog Market Outlook

Hog futures have been looking for a bottom since early May and there is some hope among producers the slide in prices may be coming to an end. The nearby June contract closed on Friday at $88.925/cwt, $1.12/cwt higher than the previous day but still some $16/cwt. or 15% lower than where it was in early April. Those who hold a more bullish view of the market will likely point to expected demand improvements going into the summer months. As seen on marketwatchonline.com