Cash markets for hogs have experienced a really strong rally over the course of the last 2 weeks.
That from Tyler Fulton of Hams Marketing Services.
He notes that a rally at this time of year is typical, given that hog numbers start to dwindle in the US, and demand starts to pickup with warmer weather.
"It was a pretty sharp drop off over the course of the previous month and a half or so. It was a significant trend change. It was as though it bottomed out and it rallied back up and packers were willing to pay whatever it took to fill their plants."
Source : Portageonline