# LIVESTOCK-CME Lean Hog Futures Tumble on China Demand Worries

> CME February lean hog futures fell more than 4% on November 28, settling at 84.750 cents per pound, the lowest since October 17. Traders cited worries about Chinese demand for U.S. pork amid COVID-19 curbs in China and expected seasonal ham price declines.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/38829-livestock-cme-lean-hog-futures-tumble-on-china-demand-worries
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weaker Chinese demand expectations and seasonal softness in wholesale ham prices point to lower hog futures and feed-buyer hog margin pressure in the near term.

## Read by commodity

- HOGS: bearish ▼

## Sources

- agriculture.com: https://www.agriculture.com/markets/newswire/livestock-cme-lean-hog-futures-tumble-on-china-demand-worries

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