# CME: Grilling Demand Waning; Hog Supplies to Increase
						 | The Pig Site

> With the July lean hog contract expired, the cash index sits about $12 above the nearby August futures contract, a discount reflecting doubts about lofty wholesale pork prices. The pork cutout closed at $104.19/cwt, up 14.3% year over year, driven largely by record pork belly prices.

- Date: 2017-07-19 · published 2017-07-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/4728-cme-grilling-demand-waning-hog-supplies-to-increase-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The wide cash-to-futures discount signals expected seasonal softening as grilling demand wanes and hog supplies rise over the next four weeks. This points to lower hog prices ahead, with bellies the key risk factor.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2017/07/cme-grilling-demand-waning-hog-supplies-to-increase-1

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