# Understanding the cash market and futures curve

> A National Hog Farmer education piece by Chip Whalen explains how the futures forward curve reflects market expectations and how hedgers can use cash-futures relationships. It notes that corn futures settle by physical delivery while lean hog futures are cash settled to an index.

- Date: 2018-04-30 · published 2018-04-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/65660-understanding-the-cash-market-and-futures-curve
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Understanding basis and the forward curve helps feed buyers and producers time hedges, but the piece itself describes no new supply or demand shift, so it carries no direct price implication.

## Read by commodity

- CORN: neutral
- HOGS: neutral

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-reports/understanding-the-cash-market-and-futures-curve

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