# U.S. livestock: Slumping cash prices sink CME hogs to four-month low - Country Guide

> CME lean hogs settled near their lowest since late March 2013 as weaker cash prices and pre-holiday plant shutdowns weighed. Midwest cash hogs were steady to 50 cents lower, and the USDA estimated slaughter at 40,000 head the prior Saturday. Live cattle closed lower for the first time in five sessions on profit taking.

- Date: 2016-07-28 · published 2016-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/11079-u-s-livestock-slumping-cash-prices-sink-cme-hogs-to-four-month-low-country-guide
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weak cash hog prices and sluggish pork demand point to lower hog values and reduced hog feed demand, while cattle profit taking eases the recent rally.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2016-08-01 | 5 | -6.9% | -3.3 | Weaker cash prices and pre-holiday plant shutdowns pushed futures lower, with the cash-futures link adding to the decline. |

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-slumping-cash-prices-sink-cme-hogs-to-four-month-low/

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