# U.S. livestock: CME lean hogs near four-week low amid large supply - AgCanada

> CME lean hog futures fell to their lowest in nearly four weeks as large supplies weighed on the market, with December hogs dropping below 70 cents/lb. USDA data showed about 486,000 hogs slaughtered and the pork cutout down 88 cents to $85.21/cwt.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33302-u-s-livestock-cme-lean-hogs-near-four-week-low-amid-large-supply-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy slaughter and weaker pork values signal soft hog demand for the near term, which typically reduces hog prices and dampens feed demand from hog producers.

## Read by commodity

- HOGS: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-lean-hogs-near-four-week-low-amid-large-supply

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