# Livestock Lowdown: Tuesday Closing Livestock Market Summary - Lean Hog Contracts Crash as Supply and Demand Fears Mount

> The closing livestock summary reports the national hog base down $0.90 with lean hog contracts crashing on supply and demand fears. Live cattle closed moderately lower, beef cutouts rose, and corn gained after crop ratings fell to 72% good to excellent.

- Date: 2018-07-17 · published 2018-07-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5217-livestock-lowdown-tuesday-closing-livestock-market-summary-lean-hog-contracts
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Falling hog base and weaker export outlook pressure hog prices, while lower corn condition ratings support corn values.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2018-07-17 | 1 | -7.9% | -7.1 | Closing summary of 2018-07-17 describes lean hog contracts crashing on supply and demand fears, directly describing the day's move. |

## Sources

- keyaglivestocklowdown.blogspot.com: http://keyaglivestocklowdown.blogspot.com/2018/07/tuesday-closing-livestock-market_17.html

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