# U.S. livestock: Lean hogs down off recent gains - AgCanada

> CME lean hog futures fell 2.7% on 2 March 2021 as profit-taking followed a life-of-contract high reached the prior Thursday. April live cattle recovered slightly from a five-week low, and Choice boxed beef dropped $4.35. Traders said robust Chinese pork import demand continued to support hogs.

- Date: 2021-03-03 · published 2021-03-03T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7328-u-s-livestock-lean-hogs-down-off-recent-gains-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Profit-taking pulled hog futures lower, but strong Chinese import demand limits the downside. Hog and pork prices are likely to stay firm underneath short-term volatility.

## Read by commodity

- HOGS: bearish ▼
- LCATTLE: neutral

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-lean-hogs-down-off-recent-gains

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