# Pig outlook:  China imports up, US '23 pork production reduced by 50M lbs
						 | The Pig Site

> June lean hog futures hit a fresh contract low during the week, with the CME lean hog index down 7 cents to $71.57 as of April 18. USDA weekly data showed net pork export sales of 36,100 MT for 2023, up 33% from the prior week, led by Mexico and Japan.

- Date: 2023-04-21 · published 2023-04-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36553-pig-outlook-china-imports-up-us-23-pork-production-reduced-by-50m-lbs-the-pig
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Solid export sales offer some support, but the contract low and downtrend point to continued weak hog prices until seasonal demand builds.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-china-imports-up-us-23-pork-production-reduced-by-50m-lbs

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