# LIVESTOCK-CME lean hogs retreat in nearby contract after rally | MarketScreener

> CME lean hog futures ended lower in the nearby contract on March 4 after a strong rally, while deferred contracts edged higher. Packer slaughter rose to an estimated 493,000 hogs, and China issued new rules to control pig production capacity after oversupply.

- Date: 2024-03-04 · published 2024-03-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/31350-livestock-cme-lean-hogs-retreat-in-nearby-contract-after-rally-marketscreener
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Mixed futures moves and rising slaughter point to balanced near-term hog supply, while China's herd controls could eventually tighten global pork supply and support prices.

## Read by commodity

- HOGS: neutral

## Sources

- marketscreener.com: https://www.marketscreener.com/news/latest/LIVESTOCK-CME-lean-hogs-retreat-in-nearby-contract-after-rally-46088971/

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