# U.S. livestock: Fund buying rallies CME lean hog futures - Grainews

> CME lean hog futures settled higher on Wednesday, supported by fund buying and short-covering ahead of the Thanksgiving holiday. December hogs rose 2.125 cents to 62.825 cents/lb, and December live cattle gained for a second day. Traders said the advance came without clear fundamental support.

- Date: 2017-11-22 · published 2017-11-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68125-u-s-livestock-fund-buying-rallies-cme-lean-hog-futures-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Pre-holiday short-covering lifts near-term hog and cattle prices, but with no fundamental backing the gains may not hold once packers resume full production.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-fund-buying-rallies-cme-lean-hog-futures/

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