
CME lean hog futures hit contract highs on January 27 as a weaker US dollar made American commodities more attractive to global buyers. The hog market has rallied about 19% from a November seven-month low.
Winter weather has disrupted processing, and hog slaughter fell to an estimated 483,000 head.
A weaker dollar supports US export demand for pork and other feed-linked commodities, and the rally lifts hog-based feed buying sentiment. Analysts warn the market is overbought, so a pullback is possible.
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Not enough comparable past events yet for a historical read.
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