# Lean hogs retreat after contract highs - CME
						 | The Pig Site

> June lean hog futures settled down 3.6 cents at 120.625 cents per pound after trading from a contract high to a session low on the CME. The move followed a USDA report showing the US hog herd down 2.3% year over year, which was bullish but was offset by end-of-quarter profit-taking.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/41995-lean-hogs-retreat-after-contract-highs-cme-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller hog herd supports future pork supply tightness, but weak wholesale pork and fund liquidation capped prices, affecting feed demand outlook.

## Read by commodity

- CORN: neutral
- HOGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-11-14 | [The mystery of the CME Lean Hog Index](https://feedsoft.ai/events/38835-the-mystery-of-the-cme-lean-hog-index.md) | -0.6% | -4.8% |
| HOGS | 2024-08-29 | [US hog farmers rebound from 2023 losses - AFBF
						 \| The Pig Site](https://feedsoft.ai/events/28942-us-hog-farmers-rebound-from-2023-losses-afbf-the-pig-site.md) | -0.9% | -1.4% |
| HOGS | 2017-11-30 | [China pork report: Q4 2017
						 \| The Pig Site](https://feedsoft.ai/events/67973-china-pork-report-q4-2017-the-pig-site.md) | +0.2% | +4.2% |
| HOGS | 2025-07-28 | [Pork markets dip amid tariff concerns from Mexico - CME
						 \| The Pig Site](https://feedsoft.ai/events/23904-pork-markets-dip-amid-tariff-concerns-from-mexico-cme-the-pig-site.md) | -0.8% | -10.2% |
| HOGS | 2022-05-26 | [Lean hogs](https://feedsoft.ai/events/41555-lean-hogs.md) | +0.6% | +2.1% |
| CORN | 2022-12-30 | [Pig outlook: Lean hog futures bulls take technical control
						 \| The Pig Site](https://feedsoft.ai/events/38235-pig-outlook-lean-hog-futures-bulls-take-technical-control-the-pig-site.md) | -2.1% | -0.5% |
| CORN | 2020-11-13 | [Pig outlook: Lean hog futures starting to trend down
						 \| The Pig Site](https://feedsoft.ai/events/50298-pig-outlook-lean-hog-futures-starting-to-trend-down-the-pig-site.md) | +10.6% | +9.7% |
| CORN | 2024-08-29 | [US hog farmers rebound from 2023 losses - AFBF
						 \| The Pig Site](https://feedsoft.ai/events/28942-us-hog-farmers-rebound-from-2023-losses-afbf-the-pig-site.md) | +5.8% | +7.8% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2022/04/lean-hogs-retreat-after-contract-highs-cme

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