# Pig outlook: lean hog futures bulls hitting the accelerator again
						 | The Pig Site

> US lean hog futures rallied strongly as packers bought aggressively and cash bids rose above $113/cwt. China also reported a new African swine fever outbreak, and market weights have been falling for two weeks.

- Date: 2021-04-30 · published 2021-04-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/47752-pig-outlook-lean-hog-futures-bulls-hitting-the-accelerator-again-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Tightening hog supplies and renewed ASF concerns in China support demand for US pork and the price outlook for hogs. Higher hog prices raise the cost of production for hog finishers.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-april-29-lean-hog-futures-bulls-hitting-the-accelerator-again

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