# U.S. livestock: Ham prices lead lean hog futures higher - Grainews

> US lean hog futures rose on 9 July as firmer cash hog markets and a sharp jump in pork ham cutout prices suggested the market may be bottoming. August lean hogs settled up 2.275 cents at 50.225 cents per pound after a life-of-contract low on 29 June. Choice boxed beef prices slipped.

- Date: 2020-07-09 · published 2020-07-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52249-u-s-livestock-ham-prices-lead-lean-hog-futures-higher-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Improving pork product prices signal stronger hog demand, which could modestly support hog-related feed demand, though supply remains ample.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2020-07-15 | 1 | +7.5% | 4.1 | Firmer cash hogs and a sharp jump in ham cutout on 9 July signaled a market bottom after the late-June contract low, which likely fueled follow-through short covering and buying into 15 July. |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-ham-prices-lead-lean-hog-futures-higher/

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