# U.S. livestock: Lean hogs pressured by cheap cash prices, softer pork prices - AgCanada

> CME lean hog futures fell on Wednesday as cash hogs traded at a steep discount to futures and the pork cutout declined. The CME lean hog index rose to $77.17/cwt but remained nearly $8 below futures. Live cattle futures closed mixed.

- Date: 2023-05-18 · published 2023-05-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36089-u-s-livestock-lean-hogs-pressured-by-cheap-cash-prices-softer-pork-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A cash discount and a weak cutout limit upside for hog futures until cash and pork prices recover. Cattle markets showed little net direction.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-lean-hogs-pressured-by-cheap-cash-prices-softer-pork-prices

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