# CME update: lean hog futures trim on demand uncertainty
						 | The Pig Site

> CME benchmark February lean hog futures settled 0.950 cents lower at 66.925 cents per pound on 3 December. Traders cited demand uncertainty as retailers had already stocked up on meat before the holidays, and weekly US pork export sales were mixed.

- Date: 2020-12-04 · published 2020-12-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49791-cme-update-lean-hog-futures-trim-on-demand-uncertainty-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Front-loaded retail stocking and softer export demand reduce near-term pork buying, which can pressure hog futures and feed demand for corn and soymeal.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/12/cme-update-lean-hog-futures-trim-on-demand-uncertainty

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