# CME update: lean hog futures gain against cash markets
						 | The Pig Site

> Lean hog futures rose on May 21 as short-covering lifted contracts against cash markets. Daily slaughter climbed to 398,000 head, the highest since April 17.

- Date: 2020-05-22 · published 2020-05-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53268-cme-update-lean-hog-futures-gain-against-cash-markets-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Rising slaughter and short-covering provide modest support to hog prices, though slaughter remains below pre-pandemic levels and feed demand is only lightly affected.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2020/05/cme-update-lean-hog-futures-gain-against-cash-markets

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