# U.S. lean hog futures plummet
						 | The Pig Site

> CME lean hog futures fell over $6 last week, with October and December contracts leading the decline. The National Lean Hog Index averaged $1.17/lb, while October futures closed at 93 cents, a discount the author sees as overdone. Hog slaughter is running about 3.5% lower year to date, and Spanish hog prices set a record at 1.71 euros/kg.

- Date: 2022-08-23 · published 2022-08-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40190-u-s-lean-hog-futures-plummet-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Futures are pricing a sharp decline despite tighter US hog supply and strong cash prices, which could mean firmer hog values ahead than the futures curve suggests.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2022/08/u-s-lean-hog-futures-plummet

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