# U.S. livestock: Hog futures tumble with pork belly prices, despite China hopes

> CME lean hog futures fell sharply on Tuesday to life-of-contract lows, with August hogs down to 61.125 cents per pound and October hitting a lifetime low. Pork bellies dropped $10.26 to $115.73 per cwt, while the pork cutout eased to $74.05, despite reports of new U.S.-China trade talks that lifted soybeans over 3 percent.

- Date: 2018-07-31 · published 2018-07-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/64191-u-s-livestock-hog-futures-tumble-with-pork-belly-prices-despite-china-hopes
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heavy U.S. pork supplies combined with weak belly prices and tariff-related export uncertainty point to continued pressure on hog prices into fall. Any real progress in China talks could support demand, but China has not bought significant U.S. pork this year.

## Read by commodity

- SOY: bullish ▲
- HOGS: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-hog-futures-tumble-with-pork-belly-prices-despite-china-hopes

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