# Lean Hogs Settle Lower on Profit-Taking Ahead of Lunar New Year Demand

> February lean hog futures fell 0.85 cents to 67.9 cents per pound on 2 December, with profit-taking despite strong export forecasts. Daily slaughter was near year-ago levels and industry sources said processing was running near capacity.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/49794-lean-hogs-settle-lower-on-profit-taking-ahead-of-lunar-new-year-demand
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Profit-taking after a roughly 20% rally points to softer hog values in the near term, while export interest ahead of Lunar New Year provides some underlying support.

## Read by commodity

- HOGS: bearish ▼

## Sources

- fxdailyreport.com: https://fxdailyreport.com/lean-hogs-settle-lower-on-profit-taking-ahead-of-lunar-new-year-demand/

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