# U.S. live cattle notch 4-1/2 year high, lean hogs gain on good demand | Reuters

> CME live cattle futures climbed for a fourth straight session to a fresh 4.5-year high on Monday, and lean hog futures also firmed. Supply disruptions, including understaffed packing plants and export restrictions on Brazilian beef after a mad cow case, supported prices.

- Date: 2021-11-22 · published 2021-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/12507-u-s-live-cattle-notch-4-1-2-year-high-lean-hogs-gain-on-good-demand-reuters
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Tight beef supplies and strong export demand, including Mexican pork buying and Chinese beef purchases, are pushing cattle and hog prices higher. Feedlot margins and feeder demand for feed grains and protein meals tend to improve when these prices rise.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2021-11-29 | 5 | +3.8% | 2.9 | Nov 22 fresh 4.5-year high supported by tight supply from understaffed packing plants and Brazilian beef export restrictions, which gave the rally momentum. |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-live-cattle-notch-4-12-year-high-lean-hogs-gain-good-demand-2021-11-22/

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