Pig outlook: ??Lean hog futures hit 5.5 month high driven by technical bulls

Oct 21, 2024

December lean hog futures this week pushed to a 5.5-month high as the bulls remain in firm technical command. This comes despite the CME cash hog index posting a new seasonal low. The latest CME lean hog index is down 23 cents to $83.85 as of Oct. 15. Hog traders this the fall and early winter pig crop and pork production is not going to be as large as originally expected. That has led traders to tightening up December futures to the cash index, implying that the seasonal weakness this year will not be as severe as seen in the cash market the past two years.

Latest USDA and other news regarding the global pork industry

U.S. Labor Dept. probes underage worker claims at Tyson plants in Arkansas

The U.S. Department of Labor is conducting an ongoing investigation into claims of underage workers at two Tyson Foods plants in Arkansas. This comes after court documents unsealed in the Western District of Arkansas revealed accusations of child labor violations at Tyson processing facilities.

Specific allegations. A teacher at a school near the Rogers, Arkansas plant reported that a 14-year-old student discussed working at the Tyson facility for the summer. For the Green Forest, Arkansas plant, a mother overheard children between 11-13 years old discussing working night shifts from 11 PM to 7-8 AM. Investigators observed "multiple individuals whose appearance and body language indicated were potentially minor employees below the age of 16" at both locations.

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Video: The Next Pork Disease Outbreak? How Biosecurity Can Stop It Before It Starts!

The threat of disease outbreaks remains one of the biggest challenges facing pork producers across North America. At the World Pork Expo, I spoke with Rob Hannam, CEO of Farm Health Guardian, to discuss why biosecurity is more critical than ever and how innovative technology is helping producers reduce risk before disease reaches the farm.
In this interview, Rob explains how Farm Health Guardian's advanced biosecurity platform helps pork operations monitor and manage visitor access, track potential disease exposure pathways, and strengthen on-farm biosecurity protocols. With recent outbreaks of diseases such as ASF, PRRS, PED and others continuing to impact global pork production and ongoing concerns surrounding the spread of endemic diseases, proactive prevention measures have become essential for protecting herd health and business continuity.
Learn how digital biosecurity tools can help producers identify risks, improve compliance, and create stronger defenses against costly disease outbreaks. Discover why leading pork operations are adopting technology-driven biosecurity solutions to safeguard animals, employees, and the future of the industry.