Cash markets for hogs have experienced a really strong rally over the course of the last 2 weeks.
That from Tyler Fulton of Hams Marketing Services.
He notes that a rally at this time of year is typical, given that hog numbers start to dwindle in the US, and demand starts to pick up with warmer weather.
"It was a pretty sharp drop off over the course of the previous month and a half or so. It was a significant trend change. It was as though it bottomed out and it rallied back up and packers were willing to pay whatever it took to fill their plants."
Also, strong fundamental factors have helped the lean hog futures gain 5 to 10 percent in value which returned most contracts to their highest levels in a month.
There was also news last week that US pork export sales in March showed volume increases of 15 percent compared to March of 2016.