# CME hogs rise in deferred months as US report fuels supply uncertainty | Financial Post

> CME lean hog futures rose in deferred contracts after a USDA report showed producers plan 1% fewer sows farrowing from March to May and 3% fewer from June to August. Analysts were surprised, as they had expected slight increases. The March 1 breeding herd was up slightly from last year.

- Date: 2023-03-31 · published 2023-03-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/37009-cme-hogs-rise-in-deferred-months-as-us-report-fuels-supply-uncertainty
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower intended farrowings point to tighter future hog supply, supporting deferred hog prices and eventually reducing feed demand if producers cut herds. Analysts doubt the intentions will hold.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-09-29 | [CME December hogs ease; U.S. hog herd shrinks \| Financial Post](https://feedsoft.ai/events/39742-cme-december-hogs-ease-u-s-hog-herd-shrinks-financial-post.md) | -0.2% | -1.3% |
| HOGS | 2020-08-26 | [CME update: US hog futures rise as pork supplies contract
						 \| The Pig Site](https://feedsoft.ai/events/51760-cme-update-us-hog-futures-rise-as-pork-supplies-contract-the-pig-site.md) | -0.9% | +22.7% |
| HOGS | 2026-03-27 | [Latest USDA ‘Hogs and Pigs’ Report Points to Limited Supply Growth - Pork Checkoff](https://feedsoft.ai/events/20320-latest-usda-hogs-and-pigs-report-points-to-limited-supply-growth-pork-checkoff.md) | -1.0% | +3.1% |
| HOGS | 2024-09-24 | [What Could the Upcoming Hogs and Pigs Report Hold in Store and Implications for Pork Supply in 2025? - Pork Checkoff](https://feedsoft.ai/events/28476-what-could-the-upcoming-hogs-and-pigs-report-hold-in-store-and-implications-for.md) | -0.5% | -3.1% |
| HOGS | 2021-01-26 | [Report: Higher Wages, Input Costs, Supply Chain Problems Affecting Pork Prices, Not ‘Concentration’ - National Pork Producers Council](https://feedsoft.ai/events/49304-report-higher-wages-input-costs-supply-chain-problems-affecting-pork-prices-not.md) | +0.7% | +17.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-hogs-rise-in-deferred-months-as-us-report-fuels-supply-uncertainty

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