# Strong demand, lower supplies support North American hog prices - Grainews

> Lean hog futures pulled back from early-week highs on 23 October, though the chart outlook remained bullish. A USDA export sales report showed net US pork sales of 26,800 metric tons, down 35 percent from the prior four-week average. Tensions with China rose after a $1.8 billion US arms sale to Taiwan.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50783-strong-demand-lower-supplies-support-north-american-hog-prices-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weaker export sales and rising China tensions threaten pork demand, which could cap hog prices and slow feed buying. Strong cash-to-futures premiums still point to firm prices.

## Read by commodity

- HOGS: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/strong-demand-lower-supplies-support-north-american-hog-prices/

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