# Cash market lifts US hogs - CME
						 | The Pig Site

> CME live cattle futures rose on firm wholesale beef prices, with choice cuts up $1.47 to $269.24 per cwt ahead of expected Labor Day retail demand. Lean hog futures also climbed on strong cash prices that lifted both the nearby and October contracts. Feeder cattle futures firmed as well.

- Date: 2022-07-31 · published 2022-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/40650-cash-market-lifts-us-hogs-cme-the-pig-site
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong cattle and hog prices reflect tight market-ready supplies, which supports livestock values and the feed demand that comes with them. Analysts warned that recession fears could weigh on beef demand later.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2022/08/cash-market-lifts-us-hogs-cme

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