# U.S. livestock: CME lean hogs extend selloff on supply view - Grainews

> CME December lean hog futures fell for a second day to a four-month low of 69.5 cents/lb after a USDA report showed pigs saved per litter up about 4.3% year over year, above analyst expectations. Hog futures had dropped nearly 8% since that report, while cattle futures gained modestly.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33781-u-s-livestock-cme-lean-hogs-extend-selloff-on-supply-view-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A bigger-than-expected supply estimate signals more pork ahead, which pressures lean hog prices and feeds into lower prices for feed grains demand from the hog sector.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-06-28 | [U.S. livestock: Hog futures higher on spreading - Grainews](https://feedsoft.ai/events/64667-u-s-livestock-hog-futures-higher-on-spreading-grainews.md) | +1.0% | -15.1% |
| HOGS | 2021-06-25 | [U.S. livestock: July hogs limit-down to lowest since late March - Grainews](https://feedsoft.ai/events/7750-u-s-livestock-july-hogs-limit-down-to-lowest-since-late-march-grainews.md) | +2.6% | +2.4% |
| HOGS | 2019-06-29 | [U.S. livestock: Nearby lean hogs drop on continued herd expansion - AgCanada](https://feedsoft.ai/events/58746-u-s-livestock-nearby-lean-hogs-drop-on-continued-herd-expansion-agcanada.md) | -2.7% | +12.2% |
| HOGS | 2021-06-16 | [U.S. livestock: Hogs limit down on new China stats - AgCanada](https://feedsoft.ai/events/46562-u-s-livestock-hogs-limit-down-on-new-china-stats-agcanada.md) | -6.5% | -6.5% |
| HOGS | 2016-07-27 | [U.S. livestock: CME hog futures biggest one-day loss in seven months - Country Guide](https://feedsoft.ai/events/11075-u-s-livestock-cme-hog-futures-biggest-one-day-loss-in-seven-months-country-guide.md) | -5.7% | -14.9% |
| LCATTLE | 2020-02-06 | [US cattle herd expansion ends \| Meat & Livestock Australia](https://feedsoft.ai/events/54548-us-cattle-herd-expansion-ends-meat-and-livestock-australia.md) | -1.2% | -6.9% |
| LCATTLE | 2024-06-18 | [Livestock, Dairy, and Poultry Outlook highlights market trends \| Feed & Grain](https://feedsoft.ai/events/29904-livestock-dairy-and-poultry-outlook-highlights-market-trends-feed-and-grain.md) | +1.2% | -0.3% |
| LCATTLE | 2020-10-02 | [Cattle on Feed report pushes feeders south \| Western Livestock Journal](https://feedsoft.ai/events/50773-cattle-on-feed-report-pushes-feeders-south-western-livestock-journal.md) | +1.5% | -1.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-cme-lean-hogs-extend-selloff-on-supply-view/

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