# Pig outlook - Lean hog bears seize technical control, 2nd case of ASF in Hong Kong,  Prop 12 compliance
						 | The Pig Site

> February lean hog futures dropped to a three-week low, with the CME lean hog index down to $74.18 as of November 20, a seasonal low. Hong Kong also culled about 1,900 pigs after its second African swine fever case in a month.

- Date: 2023-11-24 · published 2023-11-24T12:00:00.000Z
- Category: disease · region Global · magnitude low
- Page: https://feedsoft.ai/events/33168-pig-outlook-lean-hog-bears-seize-technical-control-2nd-case-of-asf-in-hong-kong
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weakening cash and wholesale pork values pressure hog prices, and ASF detections in Asia add disease-driven uncertainty to regional pork demand.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-01-11 | [The Year of the Pig Will Be a Pig of a Year for China's Hogs - Caixin Global](https://feedsoft.ai/events/61088-the-year-of-the-pig-will-be-a-pig-of-a-year-for-china-s-hogs-caixin-global.md) | -1.4% | -7.7% |
| HOGS | 2020-05-25 | [CME update: lean hog futures slip as backups persist at slaughter facilities
						 \| The Pig Site](https://feedsoft.ai/events/53266-cme-update-lean-hog-futures-slip-as-backups-persist-at-slaughter-facilities-the.md) | -6.8% | -21.7% |
| HOGS | 2026-07-31 | [Cattle futures rebound as Mexican import fears ease - CME
						 \| The Beef Site](https://feedsoft.ai/events/18476-cattle-futures-rebound-as-mexican-import-fears-ease-cme-the-beef-site.md) | -2.5% | -12.8% |
| HOGS | 2026-08-09 | [Strengthening prevention and control of three dangerous diseases in livestock.](https://feedsoft.ai/events/15886-strengthening-prevention-and-control-of-three-dangerous-diseases-in-livestock.md) | -0.1% | -9.4% |
| HOGS | 2019-11-21 | [Soybean meal: ASP cases in Poland paralyze the market](https://feedsoft.ai/events/56127-soybean-meal-asp-cases-in-poland-paralyze-the-market.md) | -1.0% | +8.2% |

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-bears-seize-technical-control-asf-in-china-prop-12-compliance

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