# CME update: lean hog futures rise as corn surge squeezes supply
						 | The Pig Site

> US lean hog futures rose on January 12 as cash hog prices and packer margins improved. Corn futures surged more than 5% after the USDA cut its 2020 harvest estimate, with prices reaching 6.5-year highs.

- Date: 2021-01-13 · published 2021-01-13T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49312-cme-update-lean-hog-futures-rise-as-corn-surge-squeezes-supply-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Corn at multi-year highs raises feed costs and is expected to limit any hog herd recovery, supporting hog prices. The corn move reflects USDA's crop cut, which tightens feed supply.

## Read by commodity

- CORN: bullish ▲
- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2021/01/cme-update-lean-hog-futures-rise-as-corn-surge-squeezes-supply

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