# U.S. livestock: Supplies drag CME hogs to eight-month low - Country Guide

> Lean hog futures on the CME fell as cash hog prices weakened and wholesale pork values softened with seasonal supply build-up. October hogs ended 1.45 cents lower at 61.625 cents per pound, while live cattle gained on short covering after a bullish Cattle on Feed report.

- Date: 2017-08-29 · published 2017-08-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69595-u-s-livestock-supplies-drag-cme-hogs-to-eight-month-low-country-guide
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Rising seasonal hog supplies and packer plant shutdowns for Labor Day point to continued pressure on hog prices, which weighs on feed demand from hog producers.

## Read by commodity

- HOGS: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- country-guide.ca: https://www.country-guide.ca/daily/u-s-livestock-supplies-drag-cme-hogs-to-eight-month-low/

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