# U.S. livestock: CME hog futures biggest one-day loss in seven months - Country Guide

> CME lean hog futures fell nearly 4%, their biggest daily drop since mid-December 2015, after wholesale pork prices fell more than $21 per cwt in bellies. USDA reports showed record hog numbers and large pork belly stocks in cold storage. Live cattle futures gained for a fourth straight session.

- Date: 2016-07-27 · published 2016-07-27T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/11075-u-s-livestock-cme-hog-futures-biggest-one-day-loss-in-seven-months-country-guide
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Record hog numbers and heavy cold storage stocks point to lower hog prices and reduced feed demand from hog producers, while firm cattle prices support feeder cattle demand.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2016-08-01 | 5 | -6.9% | -3.3 | Biggest one-day futures drop in seven months on a $21/cwt belly collapse and record hog numbers started the selloff within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-06-30 | [U.S. livestock: CME nearby hog futures up ahead of herd data - AgCanada](https://feedsoft.ai/events/35639-u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data-agcanada.md) | +4.0% | +9.4% |
| HOGS | 2017-06-23 | [U.S. livestock: CME live cattle rally before USDA report - Country Guide](https://feedsoft.ai/events/70627-u-s-livestock-cme-live-cattle-rally-before-usda-report-country-guide.md) | +3.8% | -1.2% |
| HOGS | 2018-06-28 | [U.S. livestock: Hog futures higher on spreading - Grainews](https://feedsoft.ai/events/64667-u-s-livestock-hog-futures-higher-on-spreading-grainews.md) | +1.0% | -15.1% |
| HOGS | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | -14.1% | -14.1% |
| HOGS | 2018-09-28 | [U.S. hog inventory on par; Now look towards trade vs. futures](https://feedsoft.ai/events/63174-u-s-hog-inventory-on-par-now-look-towards-trade-vs-futures.md) | +7.0% | -4.8% |
| LCATTLE | 2023-06-30 | [U.S. livestock: CME nearby hog futures up ahead of herd data - AgCanada](https://feedsoft.ai/events/35639-u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data-agcanada.md) | -1.1% | +0.5% |
| LCATTLE | 2018-09-28 | [U.S. livestock: CME lean hogs, cattle rise on month-end buying - Grainews](https://feedsoft.ai/events/63192-u-s-livestock-cme-lean-hogs-cattle-rise-on-month-end-buying-grainews.md) | +0.2% | -0.2% |
| LCATTLE | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | +0.0% | +3.5% |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-cme-hog-futures-biggest-one-day-loss-in-seven-months/

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