# Weekly pig outlook — June 24: US lean hog futures continue steep downdraft
						 | The Pig Site

> US lean hog futures extended a steep decline in late June 2021, with the market technically oversold. USDA's cold storage report showed frozen pork stocks up 0.9% from April, pointing to slower pork exports, and the July contract traded at a wide discount to the CME lean hog index.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7746-weekly-pig-outlook-june-24-us-lean-hog-futures-continue-steep-downdraft-the-pig
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Slowing export demand and rising supplies keep downward pressure on hog prices, reducing the incentive for producers to hold or expand herds and lowering near-term feed demand.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/weekly-pig-outlook-june-24-us-lean-hog-futures-continue-steep-downdraft

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