# CME update: hog rally pauses on profit taking
						 | The Pig Site

> CME lean hog futures closed lower on March 29 as traders took profits after contract highs set the previous Friday. April hogs settled at 100.375 cents per pound and June at 105.225 cents. Commodity funds hold a large net long position.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48272-cme-update-hog-rally-pauses-on-profit-taking-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Profit-taking after record highs reflects a large speculative long, which can bring short-term volatility, though firm cash hog prices and tight supplies keep a floor under the market.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2021/03/cme-update-hog-rally-pauses-on-profit-taking

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