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: What It Takes to Stop African Swine Fever - Dr. Jishu Shi

In this episode of The Swine it Podcast Show Canada, Dr. Jishu Shi, Professor of Vaccine Immunology at Kansas State University, discusses African swine fever prevention and vaccine development. He explains why ASF differs from classical swine fever and swine influenza, how the disease threatens trade and pork production, why immunization safety remains a critical hurdle, and what producers can do now to reduce the risk of introduction. Listen now on all major platforms!

"Before a safe and efficacious vaccine for ASF can be commercialized, what we really have is prevention."

Meet the guest: Dr. Jishu Shi is Professor of Vaccine Immunology and the Dr. Wayne & Hilda Appleton Endowed Professor at Kansas State University’s College of Veterinary Medicine. He directs the Center on Biologics Development and Evaluation and the U.S.-China Center for Animal Health. A veterinarian and vaccine immunologist, Dr. Shi has focused on vaccines for pigs and has worked on African swine fever vaccine development, control, diagnostics, and international training since 2018. Learn more from Dr. Jishu Shi on The Swine it Podcast Show Canada, available on all major platforms.