# Pig outlook - Lean hog bears remain in solid technical control
						 | The Pig Site

> December lean hog futures hit a new contract low during the week of October 27, and the CME lean hog index fell 26 cents to $78.41 as of October 24. Weekly USDA export sales showed pork net sales of 28,200 MT, led by Mexico.

- Date: 2023-10-27 · published 2023-10-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33779-pig-outlook-lean-hog-bears-remain-in-solid-technical-control-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Technical downtrend and seasonal weakness point to sideways-to-lower hog prices near term, with bulls needing closes above $71 to signal a bottom.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-bears-remain-in-solid-technical-control

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