# Pig outlook: Lean hog futures bulls take technical control
						 | The Pig Site

> Analyst commentary says February lean hog futures rallied toward contract highs, while the CME lean hog index fell to $78.60, its lowest in almost a year. USDA's quarterly Hogs and Pigs report showed the December 1 hog herd 1.8% below a year earlier and below pre-report estimates.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/38235-pig-outlook-lean-hog-futures-bulls-take-technical-control-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller-than-expected US breeding herd points to tighter future hog supply, supportive for hog prices and feed demand, though weak cash prices cap the upside.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-07-06 | [Pig outlook: Lean hog futures bulls gain still more power
						 \| The Pig Site](https://feedsoft.ai/events/35028-pig-outlook-lean-hog-futures-bulls-gain-still-more-power-the-pig-site.md) | +1.9% | +5.4% |
| HOGS | 2020-06-24 | [CME update: lean hog futures firm as cold storage supplies drop
						 \| The Pig Site](https://feedsoft.ai/events/52769-cme-update-lean-hog-futures-firm-as-cold-storage-supplies-drop-the-pig-site.md) | -3.2% | +8.3% |
| HOGS | 2020-08-26 | [CME update: US hog futures rise as pork supplies contract
						 \| The Pig Site](https://feedsoft.ai/events/51760-cme-update-us-hog-futures-rise-as-pork-supplies-contract-the-pig-site.md) | -0.9% | +22.7% |
| HOGS | 2026-06-29 | [Hog futures mixed as smaller-than-expected herd spurs buying - CME
						 \| The Pig Site](https://feedsoft.ai/events/18955-hog-futures-mixed-as-smaller-than-expected-herd-spurs-buying-cme-the-pig-site.md) | +0.6% | +8.7% |
| HOGS | 2025-09-29 | [US hog futures hit records on tighter herd supplies - CME
						 \| The Pig Site](https://feedsoft.ai/events/23028-us-hog-futures-hit-records-on-tighter-herd-supplies-cme-the-pig-site.md) | -2.4% | -15.1% |
| CORN | 2020-11-13 | [Pig outlook: Lean hog futures starting to trend down
						 \| The Pig Site](https://feedsoft.ai/events/50298-pig-outlook-lean-hog-futures-starting-to-trend-down-the-pig-site.md) | +10.6% | +9.7% |
| CORN | 2022-04-01 | [Lean hogs retreat after contract highs - CME
						 \| The Pig Site](https://feedsoft.ai/events/41995-lean-hogs-retreat-after-contract-highs-cme-the-pig-site.md) | +3.3% | +5.2% |
| CORN | 2024-08-29 | [US hog farmers rebound from 2023 losses - AFBF
						 \| The Pig Site](https://feedsoft.ai/events/28942-us-hog-farmers-rebound-from-2023-losses-afbf-the-pig-site.md) | +5.8% | +7.8% |

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-bulls-take-technical-control

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