# Pig outlook: Lean hog futures in steep price downdraft, China’s Covid policy risks ag crisis, food shortages
						 | The Pig Site

> Lean hog futures fell steeply and hit a four-week low, suggesting a near-term market top. USDA reported US beef net sales of 14,000 MT for 2022, down 39% from the prior week.

- Date: 2022-04-08 · published 2022-04-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41997-pig-outlook-lean-hog-futures-in-steep-price-downdraft-china-s-covid-policy
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Reduced export buying and weaker pork demand limit hog price upside during the coming weeks, while seasonal grilling demand and smaller spring supplies may provide a floor.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-in-steep-price-downdraft-chinas-covid-policy-risks-ag-crisis-food-shortages

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