Swine Prices

Hog prices vary cyclically across multiyear periods and seasonally within a year, often in patterns similar to previous years or cycles. Therefore, an understanding of these historical patterns can be useful to producers as they develop marketing plans. hanges in production methods, especially indoor confinement facilities, have removed some production seasonality and, as a result, changed the yearly
seasonality of hog prices. Further, regional dressed-hog prices reported in recent years are different than historical terminal market bids. With changes in the
hog price series, basis also has changed. An understanding
of historical basis using the new hog price series is important to consider when hedging price risk in the futures market.