A leader with a Chicago-based risk management firm says after five years of expansion, the hog industry could be entering a cycle of higher prices in the short-term.
Tim Hughes, with CIH, leads the hog margin management team.
“For the first time since the expansion started back in 2015, we have a massive fundamental that may be supportive of prices,” he says. “Hopefully what we’re seeing now is the beginning of a new cycle—a cycle of increasing prices.”
Hughes says positive fundamentals for the industry include contractions, strong exports, great worldwide demand, and low cold storage.
