# Pig outlook: Lean hog futures prices trending up
						 | The Pig Site

> August lean hog futures hit a four-month high in late July as the CME lean hog index rose. USDA cold storage data showed June pork stocks fell sharply, and China's June pork imports were up year over year.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35175-pig-outlook-lean-hog-futures-prices-trending-up-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Strong consumer demand and low pork stocks support hog prices, and the rally also lifts the cost of feed-linked meal markets in the outlook.

## Read by commodity

- SBM: neutral
- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-prices-trending-up

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