# Lean hogs sink on big supply, futures' premium to cash prices | Financial Post

> US lean hog futures fell on Thursday on ample hog supplies and a weak cash market, with the February contract trading about 9 cents above the CME lean hog index. Traders remained uncertain how much additional pork China would buy under the Phase 1 trade deal being signed the following week.

- Date: 2020-01-09 · published 2020-01-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/55223-lean-hogs-sink-on-big-supply-futures-premium-to-cash-prices-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy hog supplies and a futures premium to cash weigh on lean hog prices, while uncertainty over Chinese pork purchases limits upside for feed demand from the hog sector.

## Read by commodity

- HOGS: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/lean-hogs-sink-on-big-supply-futures-premium-to-cash-prices

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