# CME update: lean hog futures tumble as surge in coronavirus cases sparks demand worries
						 | The Pig Site

> US hog futures fell sharply on 19 November as surging COVID-19 infections raised fears of reduced pork demand from restaurant closures and stay-at-home orders. Weak weekly pork export sales and high feed grain prices added pressure, with December lean hogs down 2.100 cents to 63.700 cents per pound.

- Date: 2020-11-20 · published 2020-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50295-cme-update-lean-hog-futures-tumble-as-surge-in-coronavirus-cases-sparks-demand
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker demand expectations and higher corn and soybean meal costs squeeze hog margins and reduce demand for feed ingredients, pointing to lower lean hog prices and softer feed demand.

## Read by commodity

- CORN: neutral
- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/11/cme-update-lean-hog-futures-tumble-as-surge-in-coronavirus-cases-sparks-demand-worries

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