# U.S. livestock: Hogs at two-month high on packer demand - Grainews

> CME December lean hog futures rose to a two-month high as cash hog prices climbed on strong demand from expanded pork processing capacity. Two new slaughterhouses in Iowa and Michigan have boosted hog demand. Live cattle futures were narrowly lower ahead of the USDA Cattle on Feed report.

- Date: 2017-10-16 · published 2017-10-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/68623-u-s-livestock-hogs-at-two-month-high-on-packer-demand-grainews
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Higher hog prices driven by expanded slaughter capacity improve producer margins and can support hog feed demand, while steady cattle prices keep feedlot demand stable.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: neutral

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-hogs-at-two-month-high-on-packer-demand/

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