# CME update: lean hog futures fall on declining wholesale pork prices
						 | The Pig Site

> US lean hog futures fell on 28 October as the CME December contract slid to about 66.4 cents per pound. The USDA pork cutout dropped $4.31 to $84.52 per cwt, with bellies, ribs, butts and loins all easing. Traders are also watching for signs of Chinese demand after Germany's African swine fever cases grew to 103.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50778-cme-update-lean-hog-futures-fall-on-declining-wholesale-pork-prices-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weaker wholesale pork values pull down hog futures and feed-buyer hog margins, while uncertain China import demand limits the upside. Lower hog prices can also reduce expected feed demand from producers.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/10/cme-update-lean-hog-futures-fall-on-declining-wholesale-pork-prices

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