# Lean Hog and Pork Cutout Futures Surge After Hogs and Pigs Report - Pork Business

> Lean hog and pork cutout futures opened sharply higher on Sept. 27 after USDA's quarterly Hogs and Pigs report came in well outside pre-report estimates. The report showed all hogs inventory down 3.9% year over year and a much smaller winter pig crop.

- Date: 2021-09-27 · published 2021-09-27T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/45203-lean-hog-and-pork-cutout-futures-surge-after-hogs-and-pigs-report-pork-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A smaller hog supply through winter, with slaughter possibly down up to 6%, tightens pork availability and supports higher lean hog prices, which raises feed demand outlook for hog-related feed ingredients.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-12-24 | [Hogs and Pigs Report: Wild Revisions and a Few Surprises - Pork Business](https://feedsoft.ai/events/49796-hogs-and-pigs-report-wild-revisions-and-a-few-surprises-pork-business.md) | +1.0% | +4.2% |
| HOGS | 2017-06-30 | [Hog Futures Extend Rally After Inventory Report \| Fox Business](https://feedsoft.ai/events/70644-hog-futures-extend-rally-after-inventory-report-fox-business.md) | +1.5% | -6.0% |
| HOGS | 2025-10-01 | [Hogs and Pigs report appears 'friendly' for futures](https://feedsoft.ai/events/23033-hogs-and-pigs-report-appears-friendly-for-futures.md) | -2.4% | -14.8% |
| HOGS | 2025-09-25 | [September 2025 Hogs and Pigs Report: Here's What You Need to Know - Pork Business](https://feedsoft.ai/events/23030-september-2025-hogs-and-pigs-report-here-s-what-you-need-to-know-pork-business.md) | -0.8% | -13.5% |
| HOGS | 2026-06-25 | [June Hogs and Pigs Report: Steady Inventory and Razor Thin Margins - Pork Business](https://feedsoft.ai/events/18960-june-hogs-and-pigs-report-steady-inventory-and-razor-thin-margins-pork-business.md) | -0.2% | +7.3% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/hog-production/lean-hog-and-pork-cutout-futures-surge-after-hogs-and-pigs-report

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