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| You can make your own conclusions. This is the Lean Hog Index, so it lags as you can see its still up in the low 60's.
In 1998 it fell to 17.94 , live of course went single digits.
A similar move would put the index down to 27 dollars. 38-40 is support from alot of other spike years, and the 1998 low was almost depression like.
If we went as low as 1929 in today's terms, it would be about the same price as it went to back in 1998 but 22 years later.
 (110 year lean hog index (full).jpg)
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 110 year lean hog index (full).jpg (61KB - 60 downloads)
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Lean hog index back past 100+ years
