# CME update: lean hog futures get a boost on strong pork demand
						 | The Pig Site

> CME February lean hogs settled 1.325 cents higher at 68.575 cents per pound on 30 November. Brugler Marketing cited low cold storage stocks and strong pork shipments to China in the USDA weekly export report of 27 November.

- Date: 2020-12-01 · published 2020-12-01T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/49795-cme-update-lean-hog-futures-get-a-boost-on-strong-pork-demand-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong Chinese pork import demand ahead of Lunar New Year supports hog prices and underpins feed demand through year end.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-03-06 | [CME update: lean hog futures strengthen due to expected sales to China
						 \| The Pig Site](https://feedsoft.ai/events/54297-cme-update-lean-hog-futures-strengthen-due-to-expected-sales-to-china-the-pig.md) | -3.3% | -15.6% |
| HOGS | 2020-08-28 | [CME update: lean hog futures edge higher as market fundamentals improve
						 \| The Pig Site](https://feedsoft.ai/events/51759-cme-update-lean-hog-futures-edge-higher-as-market-fundamentals-improve-the-pig.md) | +3.7% | +25.8% |
| HOGS | 2025-06-19 | [Pig outlook: Lean hog futures bulls remain in control
						 \| The Pig Site](https://feedsoft.ai/events/24362-pig-outlook-lean-hog-futures-bulls-remain-in-control-the-pig-site.md) | +2.1% | -2.8% |
| HOGS | 2020-02-13 | [U.S. lean hog futures edge up on hopes for Chinese demand \| Financial Post](https://feedsoft.ai/events/54745-u-s-lean-hog-futures-edge-up-on-hopes-for-chinese-demand-financial-post.md) | +11.2% | +9.5% |
| HOGS | 2022-05-19 | [Pig outlook: Lean hog futures post solid price recovery, China pork imports drop
						 \| The Pig Site](https://feedsoft.ai/events/41553-pig-outlook-lean-hog-futures-post-solid-price-recovery-china-pork-imports-drop.md) | +3.1% | +5.5% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/12/cme-update-lean-hog-futures-get-a-boost-on-strong-pork-demand

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