# CME lean hog futures decline on technical selling, export worries | Financial Post

> CME lean hog futures fell on technical selling and worries that falling Chinese hog prices signal slowing demand for U.S. pork. December hogs settled at 76.025 cents per pound after filling a chart gap from Sept. 24. December live cattle closed slightly higher on expectations of steady to firmer cash trade.

- Date: 2021-10-20 · published 2021-10-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44722-cme-lean-hog-futures-decline-on-technical-selling-export-worries-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Weaker expected pork export demand from China adds downward pressure on U.S. hog prices, which lowers the value of hog-feed margins and signals softer demand for feed grains and meal over the coming months.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-lean-hog-futures-decline-on-technical-selling-export-worries

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