# U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports - Canadian Cattlemen

> CME lean hog futures rose on Friday ahead of a USDA quarterly Hogs and Pigs report that showed the Sept. 1 inventory down 4% year over year and the June-to-August pig crop down 6%, both below expectations. Analysts expected further gains when futures resumed on Monday.

- Date: 2021-09-24 · published 2021-09-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/45190-u-s-livestock-cme-hogs-rise-live-cattle-slip-ahead-of-usda-reports-canadian
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

A smaller hog supply than expected tightens pork availability for the coming months, supporting lean hog prices and reducing demand for hog-related feed inputs over time.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-09-28 | [U.S. livestock: CME lean hogs, cattle rise on month-end buying - Grainews](https://feedsoft.ai/events/63192-u-s-livestock-cme-lean-hogs-cattle-rise-on-month-end-buying-grainews.md) | +7.0% | -4.8% |
| HOGS | 2021-07-13 | [U.S. livestock: Hog futures rise as pork production estimates cut - AgCanada](https://feedsoft.ai/events/46233-u-s-livestock-hog-futures-rise-as-pork-production-estimates-cut-agcanada.md) | -2.4% | -1.8% |
| HOGS | 2025-01-28 | [Live cattle contracts hit lifetime highs following USDA report - CME
						 \| The Beef Site](https://feedsoft.ai/events/26649-live-cattle-contracts-hit-lifetime-highs-following-usda-report-cme-the-beef-site.md) | +2.0% | +6.6% |
| HOGS | 2021-05-27 | [USDA reports second largest inventory of cattle on feed since 1996](https://feedsoft.ai/events/4968-usda-reports-second-largest-inventory-of-cattle-on-feed-since-1996.md) | +2.4% | -6.4% |
| HOGS | 2021-09-27 | [Cattle, hog futures react to Friday's USDA reports - Brownfield Ag News](https://feedsoft.ai/events/45189-cattle-hog-futures-react-to-friday-s-usda-reports-brownfield-ag-news.md) | +4.1% | -12.1% |
| LCATTLE | 2017-06-23 | [U.S. livestock: CME live cattle rally before USDA report - Country Guide](https://feedsoft.ai/events/70627-u-s-livestock-cme-live-cattle-rally-before-usda-report-country-guide.md) | -2.7% | -5.1% |
| LCATTLE | 2017-12-22 | [U.S. livestock: CME live cattle mostly lower after USDA report - Country Guide](https://feedsoft.ai/events/67610-u-s-livestock-cme-live-cattle-mostly-lower-after-usda-report-country-guide.md) | +2.1% | +1.1% |
| LCATTLE | 2026-07-02 | [LIVESTOCK-Cattle futures dip lower, USDA reports unexpected export sales spike](https://feedsoft.ai/events/5237-livestock-cattle-futures-dip-lower-usda-reports-unexpected-export-sales-spike.md) | -2.2% | -7.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-lean-hogs-rise-live-cattle-slip-ahead-of-usda-reports
- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-cme-hogs-rise-live-cattle-slip-ahead-of-usda-reports
- canadiancattlemen.ca: https://www.canadiancattlemen.ca/daily/u-s-livestock-cme-hogs-rise-live-cattle-slip-ahead-of-usda-reports/

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