# Pig outlook: Lean hog futures in bullish chart posture
						 | The Pig Site

> October lean hog futures hit a three-month high this week and are trending higher on the daily chart. The CME lean hog index fell 37 cents to $87.45 as of Aug. 28, down $6.19 from its August 1 seasonal peak. Weekly USDA data showed net pork sales of 42,200 MT, up 59 percent from the prior four-week average, led by Mexico and China.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28937-pig-outlook-lean-hog-futures-in-bullish-chart-posture-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Firm technical momentum and strong export sales support futures, though seasonal weakness in cash hog prices is still expected into next week. Hog buyers should expect feed-cost relief to be offset by softer cash hog prices in the near term.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-in-bullish-chart-posture

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