# CME lean hogs extend recovery from recent slide

> CME lean hog futures rose for a third straight session on Tuesday as the market recovered from oversold conditions and short-covering. June and July contracts touched their highest levels since May 6. Pork processor demand supported the gains after the market fell to its lowest since January the prior week.

- Date: 2022-05-17 · published 2022-05-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/41550-cme-lean-hogs-extend-recovery-from-recent-slide
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Short-covering and steady packer demand lifted hog futures off multi-month lows, signaling a possible seasonal rally that would improve hog-feeding margins and modestly support demand for meal and grains.

## Read by commodity

- HOGS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/cme-lean-hogs-extend-recovery-from-recent-slide-idUSL2N2X92AQ/

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