# Lean hog futures hit highest price since April 4 - CME
						 | The Pig Site

> CME lean hog futures climbed to nearly four-month highs on July 31, with October contracts up 9.73% for the month. Packer pork margins rose and weekly slaughter was above the prior week and year-ago levels, while cattle futures eased on softer cash prices.

- Date: 2023-07-31 · published 2023-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35177-lean-hog-futures-hit-highest-price-since-april-4-cme-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Wider packer margins and firm pork values support hog futures, while weaker cash cattle pressures live cattle prices.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2023/08/august-live-cattle-futures-ease-cme

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