# Traders Bear Spread Hog Market Following Report - Zia Commodities, LLC

> Lean hog futures fell with bear spreading after the USDA Quarterly Hogs and Pigs report released Friday. The report showed more pigs saved per litter and some gilts diverted to slaughter, while breeding inventory was down about 3% from last year.

- Date: 2023-12-28 · published 2023-12-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32857-traders-bear-spread-hog-market-following-report-zia-commodities-llc
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher sow productivity and fewer breeding animals signal modestly tighter future supply, but near-term hog supplies remain ample, keeping prices under pressure. Lower hog prices weigh on demand for hog-based feed ingredients.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-06-28 | [Hog Traders Look to React to Hogs & Pigs Report - IBest Media](https://feedsoft.ai/events/29918-hog-traders-look-to-react-to-hogs-and-pigs-report-ibest-media.md) | +0.2% | +3.6% |
| HOGS | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +7.1% | +8.7% |
| HOGS | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.0% | +13.0% |
| HOGS | 2024-01-16 | [USDA Raises Meat Production Estimates - Zia Commodities, LLC](https://feedsoft.ai/events/32245-usda-raises-meat-production-estimates-zia-commodities-llc.md) | -0.2% | +4.3% |
| HOGS | 2025-12-29 | [Bearish Market Hog Inventories and Farrowing Intentions - farmdoc daily](https://feedsoft.ai/events/21674-bearish-market-hog-inventories-and-farrowing-intentions-farmdoc-daily.md) | -0.5% | +2.1% |

## Sources

- ziacommodities.com: https://www.ziacommodities.com/traders-bear-spread-hog-market-following-report/

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