2017 held a lot of promise for the lean hog market, especially with several pork plants opening their doors in the Midwest.
John Payne, senior futures and options broker with Daniels Trading, is expecting continued demand moving into the new year, with some of that piggybacking on cattle contracts.
“If the cattle contracts can continue to maybe push higher, demand for feeder pigs will go up,” he told AgDay host Clinton Griffiths.
Payne thinks cheap corn and soybeans are continuing to feed market growth. Looking ahead into the new year, Payne believes February and April will hold promise for hog producers.
Hear his thoughts on China and demand on AgDay above.