# Hog futures fall as cash prices for pork slide | Financial Post

> CME lean hog futures fell sharply on June 23, 2021, with the front-month July contract down 2.8% to its lowest in over two months as weak cash pork prices pressured the market. The USDA pork cutout fell $8.91 to $110.33, and packer losses widened to $60.23 per head.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7745-hog-futures-fall-as-cash-prices-for-pork-slide-financial-post
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower cash and cutout values pull down hog futures and squeeze processor margins, which can reduce packer demand for hogs and weigh on feed-grain demand from the hog sector.

## Read by commodity

- HOGS: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/hog-futures-fall-as-cash-prices-for-pork-slide

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