# Lean Hog Futures Rise As Investors Move Back In After Taking Profits

> Lean hog futures rose on 24 August as investors re-entered after profit-taking on Friday, with October contracts up 2.07% to 55.375 cents per pound. USDA projects China pork imports at 4.4 million tonnes this year, up from 2.5 million last year.

- Date: 2020-08-24 · published 2020-08-24T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/51763-lean-hog-futures-rise-as-investors-move-back-in-after-taking-profits
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Projected surge in Chinese pork imports supports US hog export demand and prices. Strong foreign demand offsets concerns about rising domestic supply.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-08-28 | [CME update: lean hog futures edge higher as market fundamentals improve
						 \| The Pig Site](https://feedsoft.ai/events/51759-cme-update-lean-hog-futures-edge-higher-as-market-fundamentals-improve-the-pig.md) | +3.7% | +25.8% |
| HOGS | 2025-06-19 | [Pig outlook: Lean hog futures bulls remain in control
						 \| The Pig Site](https://feedsoft.ai/events/24362-pig-outlook-lean-hog-futures-bulls-remain-in-control-the-pig-site.md) | +2.1% | -2.8% |
| HOGS | 2021-02-12 | [Pig outlook: Lean hog futures continue solid bull run
						 \| The Pig Site](https://feedsoft.ai/events/4614-pig-outlook-lean-hog-futures-continue-solid-bull-run-the-pig-site.md) | +10.4% | +20.5% |
| HOGS | 2020-01-03 | [US hog futures look bright going into 2020
						 \| The Pig Site](https://feedsoft.ai/events/55225-us-hog-futures-look-bright-going-into-2020-the-pig-site.md) | -2.6% | -5.2% |
| HOGS | 2019-03-15 | [China Buys Most US Pork in Two Years as Futures Extend Rally - TT](https://feedsoft.ai/events/60242-china-buys-most-us-pork-in-two-years-as-futures-extend-rally-tt.md) | +13.9% | +26.1% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/lean-hog-futures-rise-as-investors-move-back-in-after-taking-profits/

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