# U.S. livestock: Hogs gain, cattle ease on spread unwinding - AgCanada

> U.S. lean hog futures rose to a three-month high on Tuesday while live cattle declined as some investors unwound long cattle, short hog spreads. Pork belly stocks in April were the lowest ever for that month, which supported hogs.

- Date: 2017-05-23 · published 2017-05-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71166-u-s-livestock-hogs-gain-cattle-ease-on-spread-unwinding-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower April pork belly stocks point to tight pork supplies during a seasonally strong demand period, supporting hog prices. Cattle weakness reflects position unwinding rather than a fundamental change in beef supply.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bearish ▼

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-hogs-gain-cattle-ease-on-spread-unwinding

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