# CME lean hogs up on U.S.-China trade hopes, falling corn prices

> Live cattle futures closed mixed on Monday, while feeder cattle rose as corn prices fell sharply. The August live cattle contract ended lower at 104.200 cents per pound, with deferred contracts finishing higher.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9500-cme-lean-hogs-up-on-u-s-china-trade-hopes-falling-corn-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Lower corn prices reduce feeding costs, supporting feeder cattle futures, while live cattle moves were mixed.

## Read by commodity

- CORN: bearish ▼
- FCATTLE: bullish ▲
- LCATTLE: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| LCATTLE | 2019-07-01 | 1 | -3.1% | -3.6 | Same-day CME report shows August live cattle closing lower at 104.200 cents, directly describing the session's price weakness, though deferred contracts rose and the report was mixed. |
| FCATTLE | 2019-07-09 | 5 | +4.2% | 2.8 | Feeder cattle rose on July 1 as corn fell sharply, since lower feed cost improves feeder demand and margins, supporting the rebound. |

## Sources

- reuters.com: https://www.reuters.com/article/usa-livestock/livestock-cme-lean-hogs-up-on-u-s-china-trade-hopes-falling-corn-prices-idUKL2N2421I2/

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