# CME update: lean hog futures decline as supply and demand mismatch lingers
						 | The Pig Site

> US lean hog futures declined on 29 July amid pressure from large hog supplies and trader concerns about export demand, particularly from China. The October lean hog contract settled down 0.900 cents at 49.825 cents per pound. Traders awaited the USDA weekly export sales report.

- Date: 2020-07-30 · published 2020-07-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52240-cme-update-lean-hog-futures-decline-as-supply-and-demand-mismatch-lingers-the
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy hog supplies and uncertain Chinese pork import demand weigh on futures, signaling softer pork-based feed demand and lower hog values for feed buyers.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/07/cme-update-lean-hog-futures-decline-as-supply-and-demand-mismatch-lingers

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