# CME update: lean hog futures rise on improved export outlook
						 | The Pig Site

> CME February lean hog futures settled 0.175 cents higher at 68.750 cents per pound on 1 December, after touching 69.60 cents, the highest since 21 October. Export orders and holiday buying supported prices, though analysts flagged weaker first-quarter export demand ahead.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49792-cme-update-lean-hog-futures-rise-on-improved-export-outlook-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Solid pork demand and China buying support hog prices and modestly support feed grain demand, though Q1 export softness is a downside risk.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/12/cme-update-lean-hog-futures-rise-on-improved-export-outlook

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