Spring and Summer Hog Contracts

We have scattered the Deliverable hog prices as a function of domestic per capita pork supply for the spring and summer period. The points for 2020 are based on the USDA’ April 2020  report forecast and current futures quotes. The spring contract is trading low on economic value while the summer study shows  late summer live hog futures trading on the high side of historical experience. Hog prices were trading on the high side last year, but of course the current economic problems have weakened pork demand.