# Pig outlook: lean hog futures’ shine coming off a bit
						 | The Pig Site

> Lean hog futures fell this week after reports that China's sow herd was rebuilt to about 98.4% of pre-African swine fever levels. Analysts expect higher US pork supplies from August and a seasonal softening after July Fourth. Technical traders see a possible market top, with August lean hogs seen at $110.00 to $116.25.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6263-pig-outlook-lean-hog-futures-shine-coming-off-a-bit-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

A rebuilt Chinese herd points to reduced import demand, while rising US hog supplies in late summer weigh on deferred futures. Feed buyers may see softer hog demand and lower soybean meal and corn pricing pressure.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2021-06-22 | 1 | -2.4% | -3.4 | Reports of China's sow herd near pre-ASF levels, expected higher US pork supply, and technical top calls fed bearish sentiment. |

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/pig-outlook-lean-hog-futures-shine-coming-off-a-bit

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