# Genesus Global Market Report: US producers are moving pigs
						 | The Pig Site

> Genesus Genetics reported that US producers are moving backed-up pigs to packers, with cash bids rising about $10/cwt in one week and some packers seeking hogs. The article notes futures remained lower despite firmer cash prices, highlighting a disconnect between futures and cash markets.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52250-genesus-global-market-report-us-producers-are-moving-pigs-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Easing of the hog backlog reduces oversupply pressure over time, but futures-cash disconnect adds pricing uncertainty for feed buyers serving hog farms.

## Read by commodity

- HOGS: neutral

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/08/genesus-global-market-report-us-producers-are-moving-pigs

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