# Pig outlook — Lean hog futures bulls still see some progress
						 | The Pig Site

> Lean hog futures pulled back from January highs but formed a bullish flag pattern, according to analyst Jim Wyckoff. The CME lean hog index rose 49 cents to $67.34 as of Jan. 16, its sixth gain in seven days. China's December pork imports fell 54.3% year on year, and China produced a record 57.94 MMT of pork in 2023.

- Date: 2024-01-19 · published 2024-01-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32267-pig-outlook-lean-hog-futures-bulls-still-see-some-progress-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Rising hog index values and weaker Chinese import demand offer mixed signals, with domestic hog prices firming while China's import pull is down. Feed buyers should watch hog-linked demand for feed.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-bulls-still-see-some-progress

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