# U.S. livestock: Hogs touch five-week high on technical buying, pork gains - Grainews

> CME lean hog futures climbed to a five-week high on May 29, extending a four-session rally on technical buying and higher cash hog and pork prices. Wholesale pork rose on the morning report, and warm weekend weather supported outdoor cooking demand.

- Date: 2018-05-29 · published 2018-05-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65172-u-s-livestock-hogs-touch-five-week-high-on-technical-buying-pork-gains-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Stronger pork cutout and cash hog prices lift hog values, though the gain is largely technical and short-lived without a new supply cause.

## Read by commodity

- HOGS: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-hogs-touch-five-week-high-on-technical-buying-pork-gains/

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