# CME update: hog futures close lower as pork prices fall
						 | The Pig Site

> US lean hog futures fell on 30 July as cash hog values softened and pork product prices declined, with wholesale ham prices dropping to $55.11 per cwt from $68.62. The October contract settled down 1.500 cents at 48.325 cents per pound. USDA data showed 2020 US pork export sales of 39,600 tonnes in the week to 23 July.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52245-cme-update-hog-futures-close-lower-as-pork-prices-fall-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Falling pork cutout and softer cash hogs point to weaker hog margins and reduced demand for feed inputs, though solid export sales offer some support.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/07/cme-update-hog-futures-close-lower-as-pork-prices-fall

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