# U.S. livestock: CME lean hogs hit new contract high on slim supply - AgCanada

> CME April lean hog futures climbed to a new contract high of 97.375 cents/lb on Tuesday, closing up 1.925 cents at 97.25. USDA cold storage data showed frozen pork supplies down 4% and frozen beef down 6% year over year. A California court ruling delayed enforcement of Proposition 12 for grocers and restaurants.

- Date: 2022-01-26 · published 2022-01-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43286-u-s-livestock-cme-lean-hogs-hit-new-contract-high-on-slim-supply-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Tighter frozen pork and beef stocks and a shrinking hog herd support higher hog and cattle prices, and the futures-cash spread widened. Buyers of pork-linked feed should expect firm livestock values near term.

## Read by commodity

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

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-lean-hogs-hit-new-contract-high-on-slim-supply

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