# Hog futures lower ahead of Quarterly Hogs and Pigs report - Brownfield Ag News

> Lean hog futures were lower ahead of the USDA Quarterly Hogs and Pigs report, while cattle futures rose on optimism about direct cash trade. April live cattle closed $0.87 higher at $165.82 and feeders also gained. Boxed beef closed lower on light demand.

- Date: 2023-03-29 · published 2023-03-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37011-hog-futures-lower-ahead-of-quarterly-hogs-and-pigs-report-brownfield-ag-news
- 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

Weaker hogs reduce hog-sector feed demand, while firmer cattle prices support feedlot margins and demand for feed grains and co-products.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| FCATTLE | 2023-03-30 | 5 | +5.9% | 3.3 | Cattle and feeder futures rose March 29 on optimism over direct cash trade, adding to the window's gains. |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/hog-futures-lower-ahead-of-quarterly-hogs-and-pigs-report/

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