# CME update: lean hog futures firm as cold storage supplies drop
						 | The Pig Site

> Lean hog futures rose on June 23 after USDA stocks data showed a record-large May drop in frozen pork inventories. The decline followed COVID-19 outbreaks among meat plant workers that slowed production.

- Date: 2020-06-24 · published 2020-06-24T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/52769-cme-update-lean-hog-futures-firm-as-cold-storage-supplies-drop-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower cold storage stocks tighten near-term pork supply and support hog prices, although overall livestock supplies remain ample.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-08-26 | [CME update: US hog futures rise as pork supplies contract
						 \| The Pig Site](https://feedsoft.ai/events/51760-cme-update-us-hog-futures-rise-as-pork-supplies-contract-the-pig-site.md) | -0.9% | +22.7% |
| HOGS | 2025-09-29 | [US hog futures hit records on tighter herd supplies - CME
						 \| The Pig Site](https://feedsoft.ai/events/23028-us-hog-futures-hit-records-on-tighter-herd-supplies-cme-the-pig-site.md) | -2.4% | -15.1% |
| HOGS | 2022-12-30 | [Pig outlook: Lean hog futures bulls take technical control
						 \| The Pig Site](https://feedsoft.ai/events/38235-pig-outlook-lean-hog-futures-bulls-take-technical-control-the-pig-site.md) | -6.6% | -11.8% |
| HOGS | 2026-06-29 | [Hog futures mixed as smaller-than-expected herd spurs buying - CME
						 \| The Pig Site](https://feedsoft.ai/events/18955-hog-futures-mixed-as-smaller-than-expected-herd-spurs-buying-cme-the-pig-site.md) | +0.6% | +8.7% |
| HOGS | 2023-07-06 | [Pig outlook: Lean hog futures bulls gain still more power
						 \| The Pig Site](https://feedsoft.ai/events/35028-pig-outlook-lean-hog-futures-bulls-gain-still-more-power-the-pig-site.md) | +1.9% | +5.4% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/06/cme-update-lean-hog-futures-firm-as-cold-storage-supplies-drop

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