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The article discusses the developments in the U.S. hog industry. It cites the 23% increase in lean-hog prices since early May 2012 due to tightening pork supplies. Based on the June 2012 forecast by the U.S. Department of Agriculture, the country's pork output will increase by 1.6% in the fourth quarter of 2012 and the first quarter of 2013 compared a year earlier.

The article discusses U.S. commodities futures as of June 1, 2012. It predicts a boost on feeder-cattle futures with a big corn crop this fall and a severe drought in 2011 to strengthen investors' profits in the last quarter of 2012. The Agriculture Department expects a record 14.8 billion bushels of corn in 2012, 20% more than in 2011 to break the old record of 13.1 billion bushels set in 2009. It advises investors to take positions in feeder-cattle futures, deemed a seldom-noticed market.

The article presents an outlook for lumber futures in the U.S. for 2012. Some factors indicate a possible increase in lumber futures including the rebound of the housing market, thin inventories for contractors and builders, and more overseas demand. The improving U.S. economy and emerging market demand will also contribute to the improvement of lumber futures. Lumber futures are expected to move higher through July 2012.

The article reports that live-cattle futures in the U.S. rose in the week ending January 27, 2012. Rising cattle costs and decreasing U.S. supplies have raised prices to a point that may shun American consumers. However, demand for U.S. beef is being pursued by Japanese and South Korean consumers. Favorable exchange rates is also seen as a price factor.