# Support Re-emerges for Lean Hogs

> July lean hogs rose $7.80 in the week ended May 20, 2022, closing at $109.00 per hundredweight. The CFTC showed noncommercial net longs fell to 7,765 contracts, the smallest in nearly two years, while August live cattle fell to a six-month low after a bearish Cattle on Feed report.

- Date: 2022-05-23 · published 2022-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5077-support-re-emerges-for-lean-hogs
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Packers paying above formula prices for scarce hogs supports hog values, while the cattle slide reflects a bearish USDA placement and inventory report.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/technically-speaking/blog-post/2022/05/23/support-re-emerges-lean-hogs

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