# CME update: lean hog futures drop ahead of USDA report
						 | The Pig Site

> US lean hog futures fell on June 19 as producers struggled to place backlogged hogs at slaughterhouses despite plants reopening. USDA data showed China bought 9,991 tonnes of US pork in the week ended June 11, the largest weekly total since April 30.

- Date: 2020-06-22 · published 2020-06-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52772-cme-update-lean-hog-futures-drop-ahead-of-usda-report-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Slaughter backlogs keep supply heavy and weigh on cash hog prices, though some export demand from China offers modest support.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/06/cme-update-lean-hog-futures-drop-ahead-of-usda-report

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