# U.S. livestock: CME hogs limit down on demand concerns - AgCanada

> CME lean hog futures fell limit-down on Friday as traders worried that seasonal supply growth would outpace demand. Weak cash markets and uncertainty over Chinese pork purchases amid the trade dispute weighed on prices. Live cattle futures also fell, with the front-month contract down 7.6% for the week after the Tyson fire.

- Date: 2019-08-16 · published 2019-08-16T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/10655-u-s-livestock-cme-hogs-limit-down-on-demand-concerns-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Uncertain Chinese import demand for pork, which is lifted by African swine fever losses, and seasonal supply growth point to lower hog prices, while cattle weakness reflects the packing outage.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2019-08-16 | 5 | -12.7% | -3.3 | Limit-down lean hog futures on Aug 16 were driven by worries that seasonal supply would outpace demand, weak cash markets and uncertain Chinese purchases, which directly explains the 5-day decline. |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-hogs-limit-down-on-demand-concerns

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