# The case for price bottoms being in place in US hog markets
						 | The Pig Site

> An analyst argues that technical chart patterns suggest lean hog futures have formed a major price bottom. The commentary notes that slaughter remains sharply down and meatpacking plants face labor pressures.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53270-the-case-for-price-bottoms-being-in-place-in-us-hog-markets-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Technical commentary alone does not change supply fundamentals, which remain bearish due to slaughter backlogs and limited processing capacity.

## Read by commodity

- HOGS: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2020-05-03 | 5 | +18.0% | 3.2 | Analyst commentary that hog futures had formed a major technical bottom, with slaughter sharply down, points to short covering and bottom-fishing sentiment behind the rally. |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/05/the-case-for-price-bottoms-being-in-place-in-us-hog-markets

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