# U.S. livestock: Hog futures rise as pork production estimates cut - AgCanada

> CME lean hog futures rose on July 12 after USDA cut its 2021 and 2022 domestic pork production estimates because of lower expected second-half slaughter. A separate USDA report showed strong weekly US pork export sales to China, the highest since March. Feeder cattle fell on rising grain prices.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/46233-u-s-livestock-hog-futures-rise-as-pork-production-estimates-cut-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower projected US pork output tightens supply and supports hog prices. Higher grain values raise feeding costs and pressure feeder cattle.

## Read by commodity

- CORN: bullish ▲
- HOGS: bullish ▲
- FCATTLE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-08-26 | [CME update: US hog futures rise as pork supplies contract
						 \| The Pig Site](https://feedsoft.ai/events/51760-cme-update-us-hog-futures-rise-as-pork-supplies-contract-the-pig-site.md) | -0.9% | +22.7% |
| HOGS | 2017-11-22 | [Hog, Cattle Futures Bounce; Pork Belly Stocks Rise \| Fox Business](https://feedsoft.ai/events/68126-hog-cattle-futures-bounce-pork-belly-stocks-rise-fox-business.md) | +2.8% | +5.0% |
| HOGS | 2021-09-24 | [U.S. livestock: CME hogs rise, live cattle slip ahead of USDA reports - Canadian Cattlemen](https://feedsoft.ai/events/45190-u-s-livestock-cme-hogs-rise-live-cattle-slip-ahead-of-usda-reports-canadian.md) | +4.7% | -10.3% |
| HOGS | 2021-09-27 | [Lean Hog and Pork Cutout Futures Surge After Hogs and Pigs Report - Pork Business](https://feedsoft.ai/events/45203-lean-hog-and-pork-cutout-futures-surge-after-hogs-and-pigs-report-pork-business.md) | +4.1% | -12.1% |
| HOGS | 2019-04-16 | [Export hopes offset record U.S. hog, pork production \| 2019-04-16  \| Food Business News](https://feedsoft.ai/events/7153-export-hopes-offset-record-u-s-hog-pork-production-2019-04-16-food-business-news.md) | +1.4% | -1.4% |
| FCATTLE | 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% | -4.9% |
| FCATTLE | 2026-05-23 | [LIVESTOCK-Feeder cattle futures dive as USDA releases cattle-on-feed data \| MarketScreener India](https://feedsoft.ai/events/5389-livestock-feeder-cattle-futures-dive-as-usda-releases-cattle-on-feed-data.md) | +0.5% | +5.2% |
| FCATTLE | 2020-11-11 | [CME update: feed cattle futures dip as corn prices rise
						 \| The Cattle Site](https://feedsoft.ai/events/7939-cme-update-feed-cattle-futures-dip-as-corn-prices-rise-the-cattle-site.md) | -2.5% | -2.7% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-hog-futures-rise-as-pork-production-estimates-cut

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