# Pig outlook: Lean hog futures likely nearing a price bottom, China ASF, failing banks
						 | The Pig Site

> Analyst Jim Wyckoff says lean hog futures are oversold after a steep two-week drop and a near-term bottom may be close. The CME lean hog index fell another 84 cents, and slaughter rose 2.75% year on year. Retail pork prices remain elevated, limiting consumer demand.

- Date: 2023-03-24 · published 2023-03-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37008-pig-outlook-lean-hog-futures-likely-nearing-a-price-bottom-china-asf-failing
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Ample hog supplies and weak cash prices keep pressure on hog values, which tends to reduce appetite for feed. Seasonal grilling demand may later support prices.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-likely-nearing-a-price-bottom-china-asf-failing-banks

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