Progesterone is a steroid hormone produced prominently by the corpus luteum after ovulation and by the placenta during pregnancy. It helps transform and maintain the endometrium in a state that supports implantation and subsequent pregnancy. Its withdrawal, alongside other hormonal changes, contributes to menstruation when pregnancy is not established.[ref]
Biology 2e by Mary Ann Clark and others. Section 43.4, ovarian and uterine hormonal control
Like other steroid signals, progesterone can act through a nuclear receptor to change gene expression. Its effect is therefore not merely the presence of a substance in blood: transport, receptor availability and tissue state shape the response. A post-ovulatory progesterone rise and an estrogen-driven proliferative phase describe different parts of the coordinated ovarian and uterine cycle.
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