# CME lean hogs climb as processors seek market-ready supply | Financial Post

> CME April lean hogs settled 2.525 cents higher at 103.800 cents per pound as packers chased market-ready hogs to slaughter. The USDA national weighted-average purchased swine price rose 7.99 per cwt and the CME Lean Hog Index firmed to $85.87.

- Date: 2022-02-08 · published 2022-02-08T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/42837-cme-lean-hogs-climb-as-processors-seek-market-ready-supply-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Packers competing for scarce butcher hogs signal tight supply and strong cash prices, supporting hog prices and feed demand into spring.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-lean-hogs-climb-as-processors-seek-market-ready-supply

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