# US cattle supplies remain tight - CME
						 | The Beef Site

> CME lean hog futures fell to a six-week low on August 14 on technical selling and ample US supplies. Most-active October hogs lost 2.175 cents to 79.150 cents per pound. Pork processors slaughtered more hogs than a week earlier and a year earlier.

- Date: 2023-08-15 · published 2023-08-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/34715-us-cattle-supplies-remain-tight-cme-the-beef-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Ample hog supplies and higher slaughter reduce hog price support, which can weigh on demand for hog feed. Cattle supplies were also described as tight, with packers losing money per head.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2023-08-14 | 1 | -12.6% | -17.0 | Directly describes the Aug 14 drop in CME lean hog futures to a six-week low (October down 2.175 cents) on technical selling and ample US supplies with higher slaughter, which is the move in question. |
| HOGS | 2023-08-15 | 5 | -13.3% | -4.4 | CME lean hog futures fell to a six-week low on Aug 14 on technical selling and ample US supplies, with October hogs down 2.175 cents, directly describing the drop in the window. |

## Sources

- thebeefsite.com: https://www.thebeefsite.com/news/us-cattle-supplies-remain-tight-cme

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