# Nearby hogs pressured by Cold Storage numbers - Brownfield Ag News

> Lean hog futures were pressured after USDA Cold Storage data showed large beef inventories, limiting cattle market gains. February live cattle closed higher at $122.70 while January feeder cattle fell slightly. Cash cattle bids were $119 live and dressed deals reached $190 in Nebraska and Iowa.

- Date: 2018-12-21 · published 2018-12-21T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/61700-nearby-hogs-pressured-by-cold-storage-numbers-brownfield-ag-news
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Large cold storage stocks of beef and pork weigh on wholesale demand and pressure nearby hog prices, which affects hog-feed demand.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-06-27 | [Hog futures lower following Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/52770-hog-futures-lower-following-hogs-and-pigs-report-brownfield-ag-news.md) | -0.0% | +13.0% |
| HOGS | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +7.1% | +8.7% |
| HOGS | 2019-02-08 | [Adjusted beef production forecast could be good news - Brownfield Ag News](https://feedsoft.ai/events/60724-adjusted-beef-production-forecast-could-be-good-news-brownfield-ag-news.md) | -1.4% | +0.1% |
| HOGS | 2018-05-21 | [2019 could squeeze livestock profitability even more - Brownfield Ag News](https://feedsoft.ai/events/65128-2019-could-squeeze-livestock-profitability-even-more-brownfield-ag-news.md) | +0.2% | +13.7% |
| HOGS | 2018-04-17 | [Lower beef and pork prices forecast - Brownfield Ag News](https://feedsoft.ai/events/65666-lower-beef-and-pork-prices-forecast-brownfield-ag-news.md) | +4.2% | +6.1% |
| LCATTLE | 2018-10-22 | [Cattle futures supported by on Feed numbers - Brownfield Ag News](https://feedsoft.ai/events/62700-cattle-futures-supported-by-on-feed-numbers-brownfield-ag-news.md) | +0.5% | +2.8% |
| LCATTLE | 2021-03-25 | [Hog futures higher ahead of bullish Hogs and Pigs report - Brownfield Ag News](https://feedsoft.ai/events/5153-hog-futures-higher-ahead-of-bullish-hogs-and-pigs-report-brownfield-ag-news.md) | +1.4% | +3.0% |
| LCATTLE | 2019-03-15 | [USDA's steer price projection is up - Brownfield Ag News](https://feedsoft.ai/events/60232-usda-s-steer-price-projection-is-up-brownfield-ag-news.md) | +0.6% | -1.7% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/nearby-hogs-pressured-by-cold-storage-numbers/

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