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CME live and feeder cattle closed mostly lower on profit-taking and sluggish cash sales. Lean hog futures were mixed after USDA's quarterly hogs and pigs report showed a herd roughly flat year over year, slightly smaller than expected.
A smaller-than-expected hog herd gives hog prices some support, while sluggish cash cattle sales point to softer near-term cattle demand.
thepigsite.comMelanie EppJun 29, 2026After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 144 past bearish report events, Live Cattle moved a median -0.1% over 5 sessions (49% higher; middle half -1.1% to +0.9%), and +0.5% over 20.
After 126 past bearish report events, Feeder Cattle moved a median +0.1% over 5 sessions (52% higher; middle half -1.3% to +2.0%), and +0.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
