# US lean hogs rally and USDA expand herd
						 | The Pig Site

> CME lean hog futures rallied on June 27 on short-covering and position squaring before month and quarter end, after prices hit multi-month lows earlier that week. USDA's quarterly hog report showed the US herd on June 1 up 3.6% from a year earlier, near trade expectations, and US pork export sales were solid with 10,400 tonnes sold to China.

- Date: 2019-06-28 · published 2019-06-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58741-us-lean-hogs-rally-and-usda-expand-herd-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A growing hog herd adds supply and pressures lean hog prices, though short-covering and firm export demand offered temporary support. Feed costs and export demand from China remain the key swing factors for hog margins.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-08-22 | [High hog supplies weigh on cash hog and pork values in US
						 \| The Pig Site](https://feedsoft.ai/events/57725-high-hog-supplies-weigh-on-cash-hog-and-pork-values-in-us-the-pig-site.md) | -2.6% | -10.9% |
| HOGS | 2020-11-13 | [Pig outlook: Lean hog futures starting to trend down
						 \| The Pig Site](https://feedsoft.ai/events/50298-pig-outlook-lean-hog-futures-starting-to-trend-down-the-pig-site.md) | -2.9% | -3.8% |
| HOGS | 2017-07-19 | [Higher US Hog Numbers Expected to Result in Lower Market Prices
						 \| The Pig Site](https://feedsoft.ai/events/4731-higher-us-hog-numbers-expected-to-result-in-lower-market-prices-the-pig-site.md) | -0.8% | -10.2% |
| HOGS | 2020-11-11 | [CME update: lean hog futures weaken as corn prices surge
						 \| The Pig Site](https://feedsoft.ai/events/50300-cme-update-lean-hog-futures-weaken-as-corn-prices-surge-the-pig-site.md) | -0.6% | -3.0% |
| HOGS | 2019-06-29 | [U.S. livestock: Nearby lean hogs drop on continued herd expansion - AgCanada](https://feedsoft.ai/events/58746-u-s-livestock-nearby-lean-hogs-drop-on-continued-herd-expansion-agcanada.md) | -2.7% | +12.2% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2019/06/us-lean-hogs-rally-and-usda-expand-herd

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