# U.S. livestock: Lean hogs hit three-month low on weaker cash prices - AgCanada

> CME lean hog futures fell to their lowest since February on May 23, with June contracts closing at 94.525 cents per pound. Pork cutout dropped $1.38 to $98.69 per cwt, with bellies down $5.01 and hams down $1.90. Weaker sales to Mexico were cited as a drag.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30393-u-s-livestock-lean-hogs-hit-three-month-low-on-weaker-cash-prices-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Softer pork cutout and soft export demand from Mexico weigh on hog futures, pressuring producer margins and reducing feed demand for hogs.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-lean-hogs-hit-three-month-low-on-weaker-cash-prices

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