# CME December hogs ease; U.S. hog herd shrinks | Financial Post

> CME December lean hog futures eased after USDA's quarterly Hogs and Pigs report showed the US hog herd down 1% as of September 1, a larger drop than analysts expected. Breeding hogs were 99% of last year's level, versus an expected 99.6%. Live cattle futures firmed on strong cash demand.

- Date: 2022-09-29 · published 2022-09-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/39742-cme-december-hogs-ease-u-s-hog-herd-shrinks-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A faster-than-expected herd contraction tightens future hog supplies and supports prices, while producers' slow rebuilding limits feed demand from expansion.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-03-31 | [CME hogs rise in deferred months as US report fuels supply uncertainty \| Financial Post](https://feedsoft.ai/events/37009-cme-hogs-rise-in-deferred-months-as-us-report-fuels-supply-uncertainty.md) | -2.7% | -0.2% |
| HOGS | 2021-08-17 | [China's Sow Herd Shrinks in July, First Decline in Almost 2 Years - Pork Business](https://feedsoft.ai/events/45561-china-s-sow-herd-shrinks-in-july-first-decline-in-almost-2-years-pork-business.md) | -3.0% | -11.0% |
| HOGS | 2021-01-15 | [Hog prices make surprising recovery as U.S. herd shrinks \| The Western Producer](https://feedsoft.ai/events/49306-hog-prices-make-surprising-recovery-as-u-s-herd-shrinks-the-western-producer.md) | +1.1% | +10.2% |
| HOGS | 2022-12-27 | [Hog Market Update: December 2022](https://feedsoft.ai/events/7010-hog-market-update-december-2022.md) | -0.2% | -8.2% |
| HOGS | 2025-09-29 | [US hog futures hit records on tighter herd supplies - CME
						 \| The Pig Site](https://feedsoft.ai/events/23028-us-hog-futures-hit-records-on-tighter-herd-supplies-cme-the-pig-site.md) | -2.4% | -15.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-december-hogs-ease-u-s-hog-herd-shrinks

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