# CME cattle futures extend slump; hogs mixed after strong week | Financial Post

> CME live cattle futures closed lower on Oct. 1, extending a six-session slide on lackluster cash trade and falling wholesale beef prices. Lean hog futures closed mixed after a strong prior week driven by the bullish quarterly Hogs and Pigs report.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44695-cme-cattle-futures-extend-slump-hogs-mixed-after-strong-week-financial-post
- 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

Weaker boxed beef values give packers leverage to hold cash cattle prices down, which weighs on feeder demand. Hog futures remain supported by the tight hog supply signaled in the quarterly report.

## Read by commodity

- HOGS: neutral
- FCATTLE: bearish ▼
- LCATTLE: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-cattle-futures-extend-slump-hogs-mixed-after-strong-week

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