# CME lean hogs approach one-month high on US export outlook

> CME lean hog futures neared a one-month high as expectations grew for higher U.S. pork exports. High pig prices in Europe are pushing global importers to shift purchases to the United States, where pig prices have been weaker.

- Date: 2023-09-05 · published 2023-09-05T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/34262-cme-lean-hogs-approach-one-month-high-on-us-export-outlook
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Stronger export demand for U.S. pork supports hog prices and can increase demand for feed used in hog production.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-02-16 | [Lean Hogs Gapped Higher and Rallied post Export Sales - IBest Media](https://feedsoft.ai/events/5536-lean-hogs-gapped-higher-and-rallied-post-export-sales-ibest-media.md) | +3.9% | +4.0% |
| HOGS | 2024-02-15 | [U.S. livestock: Lean hogs advance after strong US pork export data](https://feedsoft.ai/events/5539-u-s-livestock-lean-hogs-advance-after-strong-us-pork-export-data.md) | +9.6% | +10.6% |
| HOGS | 2021-04-07 | [Lean hogs gain as African Swine Flu worries open up export markets \| Financial Post](https://feedsoft.ai/events/47755-lean-hogs-gain-as-african-swine-flu-worries-open-up-export-markets-financial.md) | +2.5% | +7.8% |
| HOGS | 2018-12-07 | [CME lean hogs rebound, market eyes U.S.-China trade talks](https://feedsoft.ai/events/61688-cme-lean-hogs-rebound-market-eyes-u-s-china-trade-talks.md) | -0.3% | +6.3% |
| HOGS | 2021-02-12 | [Pig outlook: Lean hog futures continue solid bull run
						 \| The Pig Site](https://feedsoft.ai/events/4614-pig-outlook-lean-hog-futures-continue-solid-bull-run-the-pig-site.md) | +10.4% | +20.5% |

## Sources

- reuters.com: https://www.reuters.com/article/business/cme-lean-hogs-approach-one-month-high-on-us-export-outlook-idUSL1N3AH2RP/

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