PRESS ROOM
Lean hogs extend their bullish run
Friday 12th March '21
A combination of improving demand and instances of African swine flu over the winter months has caused a sharp increase in front-month lean hogs futures price. Front-month futures prices are now up over 25% year to date (as of 10 March), and the lean hogs futures curve is in sharp backwardation over the second half of this year, suggesting possibly supply tightness over the period.
Source: WisdomTree, Bloomberg. Data as of 10/03/2021.
Source: WisdomTree, Bloomberg. Data as of 10/03/2021.