# Hog Futures Rise on Cash Prices | Fox Business

> Lean hog futures rose for a second day as cash-trade prices supported the market, with the CME lean hog index at 91.13 cents per pound. Packers have trimmed cash bids, but cash remains above futures, pulling futures higher to close the gap. Wholesale pork has traded above $1 per pound for over a month on record pork belly prices.

- Date: 2017-07-26 · published 2017-07-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/70108-hog-futures-rise-on-cash-prices-fox-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Futures converging up toward a cash premium signals firm near-term hog values for feed buyers, while record belly prices support hog margins and demand for feed grains.

## Read by commodity

- HOGS: bullish ▲

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/hog-futures-rise-on-cash-prices

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