# Pig outlook: Lean hog futures bears have momentum
						 | The Pig Site

> Lean hog futures were in a steep downdraft as falling pork cutout values and lower cash hog prices weighed on the market. Weak fall demand for most pork cuts, aside from hams, and a breakdown in wholesale beef prices added pressure, while China's live hog prices rose on government stockpiling and falling sow inventories.

- Date: 2021-10-15 · published 2021-10-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44729-pig-outlook-lean-hog-futures-bears-have-momentum-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker U.S. hog and pork prices reduce feed demand from producers, while China's sow herd decline and stockpiling could support future import demand for pork.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2021-10-19 | 5 | -9.1% | -3.4 | Describes a steep futures downdraft driven by falling pork cutout and cash hog prices and weak fall demand, directly matching the 5-day drop. |
| HOGS | 2021-10-14 | 1 | -6.1% | -3.9 | Describes a steep lean hog futures downdraft driven by falling pork cutout and cash hog prices and weak fall demand, directly matching the move (dated Oct 15, so it likely reports the selloff that was already under way). |

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-bears-have-momentum

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