# Jim Long Pork Commentary: U.S Lean Hog Contracts Reach New Highs
						 | The Pig Site

> The CME lean hog contracts closed at new contract highs on May 30, with June up about $30 per hog since April 21. Pork cutout values were around $90.79 per pound, supported by strong domestic and export demand despite record seasonal production.

- Date: 2017-05-29 · published 2017-05-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/71167-jim-long-pork-commentary-u-s-lean-hog-contracts-reach-new-highs-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong pork cutout values and demand are pulling hog futures higher, and the commentary expects further gains as seasonal hog supplies decline. Feed buyers should watch for continued strength in hog-related feed demand.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2017/05/jim-long-pork-commentary-us-lean-hog-contracts-reach-new-highs

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