# CME lean hogs drop by maximum daily trading limit

> CME April lean hogs finished down 4.3 cents at 79.450 cents per pound, the lowest since October 2021, and the nearby contract fell 9% from Friday's close. June hogs hit the daily limit lower to their lowest since January 2022. Concerns about reduced US ham demand from Mexico and a strong dollar weighed on the market.

- Date: 2023-03-16 · published 2023-03-16T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/37005-cme-lean-hogs-drop-by-maximum-daily-trading-limit
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Weaker hog prices reduce producer margins and signal lower demand for pork, which can trim the outlook for hog-related feed demand such as meal and DDGS. A strong dollar also cuts export competitiveness.

## Read by commodity

- DXY: bullish ▲
- HOGS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/business/cme-lean-hogs-drop-by-maximum-daily-trading-limit-idUSL1N35O33J/

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