# Pig outlook: Lean hog futures recovering from August lows
						 | The Pig Site

> October lean hog futures hit a nearly four-week high on Wednesday before backing off, with near-term technicals neutral. The CME lean hog index fell another 50 cents to $89.21, still 83 cents above the July low. USDA data showed 2024 net pork sales at a marketing-year low of 19,300 MT, down 34 percent from the prior four-week average.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28941-pig-outlook-lean-hog-futures-recovering-from-august-lows-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weak export sales and falling wholesale pork prices point to soft hog demand. Futures are range-bound, so buyers should not expect a sustained rally in the near term.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-recovering-from-august-lows

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