# CME update: lean hog futures hit highest point since May 2019
						 | The Pig Site

> US lean hog futures rose their daily limit on 24 February to the highest level since May 2019. The move followed a USDA cold storage report showing belly and trim stocks at four-year lows and reports of hog losses from disease in China.

- Date: 2021-02-25 · published 2021-02-25T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/48791-cme-update-lean-hog-futures-hit-highest-point-since-may-2019-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Low cold storage stocks and expected Chinese import demand tighten the hog supply outlook, supporting hog prices and sustained feed demand.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-02-05 | [Pig outlook: Lean hog futures prices power still higher
						 \| The Pig Site](https://feedsoft.ai/events/48796-pig-outlook-lean-hog-futures-prices-power-still-higher-the-pig-site.md) | +4.1% | +20.4% |
| HOGS | 2023-06-29 | [Pig outlook: Lean hog futures bulls keeping price uptrend alive
						 \| The Pig Site](https://feedsoft.ai/events/35638-pig-outlook-lean-hog-futures-bulls-keeping-price-uptrend-alive-the-pig-site.md) | +4.9% | +9.8% |
| HOGS | 2021-02-04 | [CME update: cattle futures slip despite solid domestic demand
						 \| The Beef Site](https://feedsoft.ai/events/48769-cme-update-cattle-futures-slip-despite-solid-domestic-demand-the-beef-site.md) | +2.6% | +19.4% |
| HOGS | 2020-09-13 | [CME update: live cattle futures rise as shifts in pork market could mean increased consumption of beef
						 \| The Cattle Site](https://feedsoft.ai/events/51242-cme-update-live-cattle-futures-rise-as-shifts-in-pork-market-could-mean.md) | +3.5% | +17.9% |
| HOGS | 2018-10-24 | [Lean hog prices vanquish swine fever jitters
						 \| The Pig Site](https://feedsoft.ai/events/62680-lean-hog-prices-vanquish-swine-fever-jitters-the-pig-site.md) | +3.1% | -0.5% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2021/02/cme-update-lean-hog-futures-hit-highest-point-since-may-2019

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