# CME lean hog futures turn higher on cash discounts

> CME lean hog futures settled higher on August 4 as buyers saw futures undervalued against cash prices. The USDA projected the week's hog slaughter at 2.25 million head, up 11,000 from the prior week.

- Date: 2017-08-04 · published 2017-08-04T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69599-cme-lean-hog-futures-turn-higher-on-cash-discounts
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Rising slaughter and seasonal hog supply add pressure to hog prices, but futures bargain buying limited losses that day, leaving feed demand little changed.

## Read by commodity

- HOGS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-cme-lean-hog-futures-turn-higher-on-cash-discounts-idUSL1N1KQ1P8/

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