# Pig outlook: Lean hog futures bulls hoping for seasonal bottom
						 | The Pig Site

> CME lean hog futures hit a 3.5-month low and remain in a steep downtrend, with the CME lean hog index down 2 cents to $72.11 as of Jan. 23. The USDA Cold Storage Report showed frozen poultry, beef and pork supplies up sharply from a year earlier, with pork bellies up 66% year over year.

- Date: 2023-01-27 · published 2023-01-27T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37913-pig-outlook-lean-hog-futures-bulls-hoping-for-seasonal-bottom-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Heavy freezer stocks and a falling cash index keep pressure on hog futures, and futures are unlikely to find support until the cash index turns, which weighs on hog prices for feed buyers.

## Read by commodity

- MBM: neutral
- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-bulls-hoping-for-seasonal-bottom

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