Why the Future Looks Different for Hogs and Cattle

Published by
The Street

By Emily Balsamo, CME Group U.S. beef supply could tighten in the coming year due to falling domestic production and lower carcass weights, while pork production is expected to rise in 2023. The differing supply-demand dynamics of the domestic pork and beef markets are reflected in the divergent forward curves of CME Lean Hog and Live Cattle futures. Hog markets are typically more sensitive to international politics and trade flow disruption since exports comprise a greater share of U.S. pork production than in beef. The differing supply-demand dynamics of the domestic pork and beef markets ar…

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