# Pig outlook: Lean hog futures bulls are fading
						 | The Pig Site

> The CME Lean Hog Index fell 56 cents to $70.04 on Dec. 1, its lowest since early February and more than $3 below December futures. The pork cutout dropped $4.33 amid losses in all cuts. Analyst Jim Wyckoff said packers may be cutting prices to keep their pipelines moving.

- Date: 2021-12-03 · published 2021-12-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43764-pig-outlook-lean-hog-futures-bulls-are-fading-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weak cash hog prices and falling cutout values pull the futures market lower, because futures track the cash index. Packers cutting prices suggests soft demand for pork at the wholesale level.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-bulls-are-fading

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