# Pig outlook: time to lock in future feed needs
						 | The Pig Site

> Lean hog futures hit a two-month high early in the week of August 10 before losing gains late in the week. USDA reported weekly net pork sales of 10,500 metric tons for 2020, down sharply from the prior week, and corn and soybean futures rallied late in the week despite a bearish USDA report.

- Date: 2020-08-14 · published 2020-08-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51601-pig-outlook-time-to-lock-in-future-feed-needs-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

Analysts see a likely hog market bottom and advise locking in feed purchases, as grain futures have already priced in bearish supply news, leaving feed costs with a sideways-higher bias.

## Read by commodity

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

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-time-to-lock-in-future-feed-needs

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