# Pig outlook: Lean hog futures hit 8.5-month high, more upside likely
						 | The Pig Site

> Lean hog futures reached an 8.5-month high in mid-October, with US slaughter running below year-ago levels and packer margins near $50 a head. The article's outlook sees December lean hogs at $66-72, soybean meal at $355-380 and corn at $3.87-4.10.

- Date: 2020-10-16 · published 2020-10-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50643-pig-outlook-lean-hog-futures-hit-8-5-month-high-more-upside-likely-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

Tight US hog supplies and strong pork demand support hog prices, while the outlook ranges give feed buyers reference points for near-term corn and meal costs.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-hit-8-5-month-high-more-upside-likely

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