# CME update: lean hog futures challenged over demand questions
						 | The Pig Site

> CME lean hog futures were choppy on June 17 as US processors ramped up slaughter and a backlog of animals built up. Chinese importers worried about clearing delays after Tianjin port began testing every meat container for coronavirus. July hogs settled unchanged at 49.65 cents and August rose to 53.175 cents.

- Date: 2020-06-18 · published 2020-06-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52606-cme-update-lean-hog-futures-challenged-over-demand-questions-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy US supplies and the risk of slower Chinese meat imports weigh on near-term hog prices, though analysts expect a tighter market by fall.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/06/cme-update-lean-hog-futures-challenged-over-demand-questions

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