# CME lean hogs firm as market-ready supplies remain soft | Financial Post

> CME lean hog futures gained for a second day as supplies of market-ready hogs remained low ahead of the August contract's expiry. The October contract rose 2.05% to 91.375 cents per pound, its biggest gain since July 13. Cattle futures also edged higher on firm boxed beef demand.

- Date: 2021-08-03 · published 2021-08-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/45719-cme-lean-hogs-firm-as-market-ready-supplies-remain-soft-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tight near-term supplies of market-ready hogs support prices until seasonal fall supply arrives. Strong beef demand also supports the broader meat complex.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/cme-lean-hogs-firm-as-market-ready-supplies-remain-soft

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