# U.S. livestock: Hog futures up on pork demand, cash prices - Grainews

> Hogs reversed sharply in the week to 23 October, while a two-week cattle decline accelerated. Heavy weights and weak Chinese pork demand were cited as bearish factors. Corn, wheat and soybeans kept climbing on South American and Ukrainian supply tightness, Russian dryness and Chinese soybean buying.

- Date: 2020-10-07 · published 2020-10-07T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50781-u-s-livestock-hog-futures-up-on-pork-demand-cash-prices-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower livestock prices reduce the appetite for feed in those sectors, while tighter grain supplies lift feed grain costs. The combination squeezes feeders' margins.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- HOGS: bearish ▼
- WHEAT: bullish ▲
- LCATTLE: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-hog-futures-up-on-pork-demand-cash-prices/

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