# Pig outlook: Lean hog futures market looking “heavy”
						 | The Pig Site

> December lean hog futures have fallen from the October contract high and entered a technical downtrend. The CME lean hog index fell another 26 cents to $87.83 as of Nov. 19, its eighth decline in nine days. Chinese pork imports fell 10% in October, and US pork export sales were mixed.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27570-pig-outlook-lean-hog-futures-market-looking-heavy-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Futures trading below the cash index suggests traders expect further declines in cash hog prices. Weaker Chinese import demand adds to the bearish case for US pork demand heading into winter.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-nov-21-lean-hog-futures-market-looking-heavy

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.