# U.S. livestock: CME nearby hog futures up ahead of herd data - AgCanada

> CME nearby lean hog futures closed higher on June 29 as wholesale pork and cash hog prices firmed. USDA reported the June 1 hog herd at 72.394 million head, up 0.1% year on year and above trade expectations for a decline. Cattle futures also rose on tightening U.S. cattle supplies.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/35639-u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

A larger-than-expected hog herd is bearish for future hog prices and adds supply pressure, though firm cutout values offset this near term. Tight cattle supplies keep feeder and live cattle prices supported.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | -14.1% | -14.1% |
| 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 | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | +0.0% | +3.5% |
| LCATTLE | 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) | +2.1% | +1.0% |
| LCATTLE | 2018-11-21 | [U.S. livestock: Cattle futures rally after bullish USDA data - Grainews](https://feedsoft.ai/events/62167-u-s-livestock-cattle-futures-rally-after-bullish-usda-data-grainews.md) | +1.5% | +4.2% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data

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