# Lean hog futures near one-month lows – CME

> Lean hog futures hit their lowest level in about four weeks, down roughly 8% since Nov. 7 amid ample US supplies. USDA reported about 450,000 hogs slaughtered and frozen pork belly stocks down 31% year over year.

- Date: 2023-11-24 · published 2023-11-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33306-lean-hog-futures-near-one-month-lows-cme
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Ample supplies and lower pork cutout values point to weaker hog prices, which limits producer margins and feed buying.

## Read by commodity

- HOGS: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/lean-hog-futures-near-one-month-lows-cme/

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