# U.S. hog futures drop by daily limit for second consecutive day

> CME lean hog futures fell by the exchange-imposed limit for a second consecutive session as commodities declined broadly. Index fund selling followed a Federal Reserve signal it might raise interest rates sooner than expected. July hogs settled at 111 cents per pound and August at 107.200, both at one-month lows.

- Date: 2021-06-17 · published 2021-06-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6257-u-s-hog-futures-drop-by-daily-limit-for-second-consecutive-day
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Broad commodity liquidation driven by rate-hike expectations pushes hog and feed-linked prices lower and raises the cost of carrying inventory. Feed buyers may see softer livestock demand sentiment near term.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼
- LCATTLE: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2021-06-22 | 1 | -2.4% | -3.4 | Back-to-back limit-down sessions through June 17 on index fund selling and Fed rate signals set a bearish tone and momentum that carried into the June 22 decline. |

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-u-s-hog-futures-drop-by-daily-limit-for-second-consecutive-day-idUSL2N2NZ2RJ/

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