# Lean hog futures overly negative

> An analyst argues lean hog futures have priced in a steep cash market break, with August hogs about $12 under the CME lean hog index and December futures roughly $32 under cash. Bearish drivers include disrupted pork exports and the June Hogs and Pigs report showing producers expanded herds.

- Date: 2018-07-23 · published 2018-07-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64194-lean-hog-futures-overly-negative
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Futures discounts to cash signal expected heavy fourth-quarter supplies and weak demand, which keeps downward pressure on hog prices. Expansion plans tied to strong export demand now face losses if exports stay disrupted.

## Read by commodity

- HOGS: bearish ▼

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-reports/lean-hog-futures-overly-negative

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