# Pig outlook — Lean hog futures showing signs of market bottom in place
						 | The Pig Site

> February lean hog futures hit a six-week high and broke out of a trading range, which the analyst reads as a technical sign of a market bottom. Wholesale pork rose to its highest level since late November, and the CME lean hog index rose 9 cents to $65.83 as of Jan. 8. China also released 30,000 MT of frozen pork from state reserves, and the Philippines extended reduced pork tariffs.

- Date: 2024-01-12 · published 2024-01-12T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32268-pig-outlook-lean-hog-futures-showing-signs-of-market-bottom-in-place-the-pig
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher wholesale pork and hog futures suggest firming hog prices, while the Philippine tariff extension supports US pork export demand. Feed buyers may see hog-linked feed demand stabilize.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-showing-signs-of-market-bottom-in-place

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