# CME Live cattle futures climb; November cattle placements drop

> CME lean hog futures eased as frigid Midwest temperatures reduced hog processing. A holiday-reduced kill schedule is expected to leave a large number of hogs to process in early January.

- Date: 2022-12-23 · published 2022-12-23T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/7014-cme-live-cattle-futures-climb-november-cattle-placements-drop
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Weather-driven slaughter disruptions and a processing backlog can pressure near-term cash hog prices while supply builds.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-09-11 | [Cattle, hog futures pressured by Florence - Brownfield Ag News](https://feedsoft.ai/events/63193-cattle-hog-futures-pressured-by-florence-brownfield-ag-news.md) | +4.5% | +26.4% |
| HOGS | 2024-05-24 | [Pig outlook: Lean hog futures may be bottoming out
						 \| The Pig Site](https://feedsoft.ai/events/30396-pig-outlook-lean-hog-futures-may-be-bottoming-out-the-pig-site.md) | -0.4% | -2.0% |
| HOGS | 2018-03-01 | [Market Closes - March 1, 2018 - Kentucky Farm Bureau](https://feedsoft.ai/events/11653-market-closes-march-1-2018-kentucky-farm-bureau.md) | -0.2% | -12.8% |
| HOGS | 2016-08-03 | [Market Closes - August 3, 2016 - Kentucky Farm Bureau](https://feedsoft.ai/events/11076-market-closes-august-3-2016-kentucky-farm-bureau.md) | -3.2% | -9.3% |
| HOGS | 2018-04-02 | [Higher feed costs affect pork profits](https://feedsoft.ai/events/65629-higher-feed-costs-affect-pork-profits.md) | -6.4% | +10.9% |

## Sources

- reuters.com: https://www.reuters.com/article/business/cme-live-cattle-futures-climb-november-cattle-placements-drop-idUSL1N33D1WQ/

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