# U.S. livestock: Nearby lean hogs drop on continued herd expansion - AgCanada

> CME lean hog futures fell on June 28 as nearby contracts were pressured by plentiful hog and pork supplies, after USDA's quarterly report showed the June 1 herd up 3.6% from a year earlier, above estimates. July hogs dropped to 72.1 cents per pound, and China's ban on Canadian meat imports raised fears of Canadian pork competing in the US market.

- Date: 2019-06-29 · published 2019-06-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58746-u-s-livestock-nearby-lean-hogs-drop-on-continued-herd-expansion-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A larger herd and possible Canadian pork diversion add supply pressure on US hog prices. Deferred 2020 contracts gained on signs that herd expansion may slow.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-06-30 | [U.S. livestock: CME nearby hog futures up ahead of herd data - AgCanada](https://feedsoft.ai/events/35639-u-s-livestock-cme-nearby-hog-futures-up-ahead-of-herd-data-agcanada.md) | +4.0% | +9.4% |
| HOGS | 2021-06-16 | [U.S. livestock: Hogs limit down on new China stats - AgCanada](https://feedsoft.ai/events/46562-u-s-livestock-hogs-limit-down-on-new-china-stats-agcanada.md) | -6.5% | -6.5% |
| HOGS | 2023-10-02 | [U.S. livestock: CME lean hogs extend selloff on supply view - Grainews](https://feedsoft.ai/events/33781-u-s-livestock-cme-lean-hogs-extend-selloff-on-supply-view-grainews.md) | -0.2% | -10.7% |
| HOGS | 2018-10-12 | [U.S. livestock: Cattle futures rise on cut in beef production estimate - AgCanada](https://feedsoft.ai/events/62669-u-s-livestock-cattle-futures-rise-on-cut-in-beef-production-estimate-agcanada.md) | -14.1% | -14.1% |
| HOGS | 2019-06-28 | [US lean hogs rally and USDA expand herd
						 \| The Pig Site](https://feedsoft.ai/events/58741-us-lean-hogs-rally-and-usda-expand-herd-the-pig-site.md) | -3.1% | +10.4% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-nearby-lean-hogs-drop-on-continued-herd-expansion

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