# U.S. livestock: Lower cash prices drop CME hogs to one-month low - Grainews

> CME lean hog futures fell to a one-month low on Nov 14, 2017, as cash hog prices slid for a third session. Fund selling followed after contracts dropped below technical support. December hogs closed at 59.975 cents/lb, below their 100-day moving average.

- Date: 2017-11-14 · published 2017-11-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6089-u-s-livestock-lower-cash-prices-drop-cme-hogs-to-one-month-low-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy hog supplies from harvest-time marketing and faster growth on new corn put more pork into packers' hands, which pressures hog prices. Lower hog prices reduce the value of hog feed demand at the margin.

## Read by commodity

- HOGS: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-lower-cash-prices-drop-cme-hogs-to-one-month-low/

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