# Hog futures end mixed as cash markets lift front contract | Financial Post

> CME lean hog futures closed mixed as the August contract gained on the back months, while the October contract slipped. A Midwest and Plains heat wave made hog transport harder and tightened near-term supply of slaughter-ready hogs, lifting cash prices to the CME Lean Hog Index's highest level since June 2021. Live cattle futures drifted lower on softer cash values.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40649-hog-futures-end-mixed-as-cash-markets-lift-front-contract-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tighter nearby hog supply forces packers to pay up for animals, which supports cash and front-month hog prices and feed demand for hog rations. Cattle prices softened, so livestock feed buyers face mixed signals across species.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/hog-futures-end-mixed-as-cash-markets-lift-front-contract

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