# Hog Numbers Are Not There; Hog & Pig Wrong, By Dennis Smith - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info

> Dennis Smith's commentary says open interest in hogs rose sharply on Jan. 30 with funds adding long positions, and active options trading. He argues the September Hogs and Pigs report overstated numbers because culling last summer exceeded survey estimates, affecting butcher hog supplies this winter. He also says China is diversifying food imports away from US corn and soy, and sees corn falling toward $4.00.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32271-hog-numbers-are-not-there-hog-and-pig-wrong-by-dennis-smith-swineweb-com
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A possible overstatement of hog supplies would tighten butcher hog numbers and support hog prices, while China's diversification away from US corn and soy is bearish for feed grain demand and prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Sources

- swineweb.com: https://swineweb.com/hog-numbers-are-not-there-hog-pig-wrong-by-dennis-smith/

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