# Pig outlook: Lean hog futures bulls work to stabilize market
						 | The Pig Site

> On July 9, hog futures were pressured by estimated packer cutting margins of $9.65 per head below breakeven, which pointed to softer cash hog prices as supplies build seasonally. Wholesale pork prices fell sharply that week. Separately, the FAO food price index fell 2.5% in June.

- Date: 2021-07-09 · published 2021-07-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/46237-pig-outlook-lean-hog-futures-bulls-work-to-stabilize-market-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Packer losses reduce hog demand and point to lower cash prices as supplies rise. The global food price decline is a secondary factor for feed markets.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-bulls-work-to-stabilize-market

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