# Hog market not all puppies and rainbows

> A columnist says cash hog prices remain well below breakeven as the February contract expires. Packers have the upper hand and are pressuring the cash market amid a backlog of animals with limited Saturday slaughter. He expects a seasonal harvest decline to offer temporary relief before oversupply returns later in 2020.

- Date: 2020-02-15 · published 2020-02-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54742-hog-market-not-all-puppies-and-rainbows
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Packer leverage and a slaughter backlog keep cash hog prices depressed, with only a temporary seasonal lift expected before oversupply pressure returns.

## Read by commodity

- HOGS: bearish ▼

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/hog-market-not-all-puppies-and-rainbows

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.