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Cash hog prices trended higher in late January, with the CME lean hog index at $82.03 and the February contract closing at $87.85. Smithfield Foods agreed to acquire Nathan's Famous for about $450 million, expected to close in the first half of 2026.
China kept pork tariffs in place despite its Canada trade reset.
Firmer cash hog prices and a premium futures curve point to stronger producer leverage and steady feed demand. Continued Chinese pork tariffs limit export outlets for US pork.
thepigsite.comPhoenix MintusJan 23, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
