# Weekly pig report: Cash hog index trends higher, supporting futures outlook
						 | The Pig Site

> 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.

- Date: 2026-01-23 · published 2026-01-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/21202-weekly-pig-report-cash-hog-index-trends-higher-supporting-futures-outlook-the
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/articles/weekly-pig-report-cash-hog-index-trends-higher-supporting-futures-outlook

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