# CME update: hog futures grow weaker as demand slumps
						 | The Pig Site

> US lean hog futures fell on 28 August as traders anticipated a seasonal demand slowdown ahead of Labor Day. October lean hogs closed down 2.075 cents at 53.65 cents per pound after weekly declines in cash markets.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/51758-cme-update-hog-futures-grow-weaker-as-demand-slumps-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expected seasonal softness in pork demand pressures hog prices lower in the near term. Feed buyers may see reduced hog-sector feed demand pressure.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/08/cme-update-hog-futures-grow-weaker-as-demand-slumps

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