# Hog futures fall after contract highs on profit-taking

> CME lean hog futures tumbled 3 percent on Tuesday after reaching contract highs, as investors took profits before the Thanksgiving holiday. Wholesale pork prices fell $2.37 to $66.44 per cwt, and US hog slaughter rose.

- Date: 2018-11-20 · published 2018-11-20T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/62201-hog-futures-fall-after-contract-highs-on-profit-taking
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Profit-taking and a larger slaughter signal abundant pork supplies ahead of a seasonally slower demand period. This points to weaker hog prices in the short term.

## Read by commodity

- HOGS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-hog-futures-fall-after-contract-highs-on-profit-taking-idUSL2N1XV1DS/

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