# US hog futures drop to lowest levels in over a week
						 | The Pig Site

> CME lean hog futures fell on technical selling and profit-taking, reaching their lowest level in more than a week. October hogs dropped by the daily 3-cent limit after climbing more than 20% from early July. Traders are still waiting for Chinese purchases to materialize.

- Date: 2019-07-30 · published 2019-07-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/58252-us-hog-futures-drop-to-lowest-levels-in-over-a-week-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The decline reflects a technical correction after a sharp rally, and prices will likely stay sensitive to any confirmed Chinese pork buying.

## Read by commodity

- HOGS: bearish ▼

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2019/07/us-hog-futures-drop-to-lowest-levels-in-over-a-week

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