Forward hog contract prices have been exceptional the last few weeks.
That from Tyler Fulton, director of risk management with Hams Marketing Services.
"Futures markets are reflecting really strong supply/demand fundamentals," he said. "It's pretty typical that at this time of year, we see supplies start to tighten up. Into the summer months, we see some of the tightest supplies that we typically would see over the course of the year. That combined with really exceptional demand, both in the domestic and export markets, we're just kind of on a high right now."
Fulton notes cash prices are reflecting the same fundamentals that are getting worked into futures values.