# Pork Futures Hit The Brakes - Mid-West Farm Report

> Pork futures weakened as the cutout value fell and lean hog contracts slipped after a long rally. Wholesale beef prices declined several days running, while feeder cattle at auction rose $3 to $5 on lower grain prices. Packers processed 665,000 head of cattle the prior week.

- Date: 2021-06-18 · published 2021-06-18T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6261-pork-futures-hit-the-brakes-mid-west-farm-report
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower grain futures are supporting feeder cattle and easing feed costs, while pork demand softening points to lower hog prices. Seasonal pressure on muscle cut prices typically builds into summer.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2021-06-22 | 1 | -2.4% | -3.4 | Falling cutout values and a slipping market after a long rally weakened sentiment ahead of the June 22 move. |

## Sources

- midwestfarmreport.com: https://www.midwestfarmreport.com/2021/06/18/pork-futures-hit-the-brakes/

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