# CME update: lean hog futures set contract high on strong demand and lighter weights
						 | The Pig Site

> US lean hog futures reached a contract high for a second day on 3 February as strong demand and lower carcass weights pushed prices up. Chinese buying and COVID-19 reopening of restaurants supported demand, and African swine fever continued to pressure China's herd recovery.

- Date: 2021-02-04 · published 2021-02-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/48795-cme-update-lean-hog-futures-set-contract-high-on-strong-demand-and-lighter
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower carcass weights and solid export demand support hog prices, while China's disease-driven import needs underpin feed and meat demand.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2021/02/cme-update-lean-hog-futures-set-contract-high-on-strong-demand-and-lighter-weights

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