# Pig outlook: Lean hog futures may be bottoming out
						 | The Pig Site

> Lean hog futures kept sliding as the CME lean hog index fell to $92.10 on May 20 and was preliminarily $91.82 on May 23. Floods in Rio Grande do Sul, Brazil killed an estimated 12,600 hogs. Weekly US beef export sales rose sharply.

- Date: 2024-05-24 · published 2024-05-24T12:00:00.000Z
- Category: weather · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/30396-pig-outlook-lean-hog-futures-may-be-bottoming-out-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Brazilian flood losses tighten regional pork supply modestly, but the bearish US futures trend and weak summer outlook dominate the price picture.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-09-11 | [Cattle, hog futures pressured by Florence - Brownfield Ag News](https://feedsoft.ai/events/63193-cattle-hog-futures-pressured-by-florence-brownfield-ag-news.md) | +4.5% | +26.4% |
| HOGS | 2022-12-23 | [CME Live cattle futures climb; November cattle placements drop](https://feedsoft.ai/events/7014-cme-live-cattle-futures-climb-november-cattle-placements-drop.md) | -0.2% | -10.0% |
| HOGS | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | -0.2% | -12.8% |
| HOGS | 2016-08-03 | [Market Closes - August 3, 2016 - Kentucky Farm Bureau](https://feedsoft.ai/events/11076-market-closes-august-3-2016-kentucky-farm-bureau.md) | -3.2% | -9.3% |
| HOGS | 2023-02-27 | [Winter storm disrupts hog slaughter](https://feedsoft.ai/events/37470-winter-storm-disrupts-hog-slaughter.md) | -0.8% | -6.7% |

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-may-be-bottoming-out

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