# Livestock Analysis | July 31, 2024 - Pro Farmer

> October lean hog futures rose $1.15 to $75.925 on July 31, 2024, while August futures gained to $92.275. The CME lean hog index climbed to a fresh seasonal high of $92.59 as of July 29, with a preliminary figure pointing to $93.08.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29407-livestock-analysis-july-31-2024-pro-farmer
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Firm cash hog prices support futures, but wholesale pork weakness after Monday's peak suggests the cash rally may be nearing a top, which could cap further gains in deferred contracts.

## Read by commodity

- HOGS: bullish ▲

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/livestock-analysis/livestock-analysis-july-31-2024

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