# African swine only part of recent hog rally

> Feedstuffs reports that US cash hog prices rose from $51.98/cwt on March 1 to $68.49 on March 27, and May lean hog futures climbed from $65.925 to $86.675 over the same period. Analyst Adam Speck attributes the rally partly to a new Prestage Foods pork plant ramping up and seasonal demand, not just African swine fever.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/60236-african-swine-only-part-of-recent-hog-rally
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A sharp, arguably overbought rally in hog prices lifts the value of hogs and raises hog-feeding costs relative to returns, while Speck signals the levels are unsustainable near term.

## Read by commodity

- SBM: neutral
- HOGS: bullish ▲

## Sources

- feedstuffs.com: https://www.feedstuffs.com/livestock-and-poultry-market-news/african-swine-fever-only-part-of-recent-hog-rally

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