# U.S. livestock: Hog futures hit contract highs as strong demand fuels rally - AgCanada

> CME December lean hog futures hit new contract highs on Nov. 1 as strong domestic and export demand, especially for pork bellies and ham, lifted the market. Retailer buying ahead of the holidays and an unexpectedly low number of slaughter-ready hogs also supported prices. Cattle futures touched one-month lows.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/27574-u-s-livestock-hog-futures-hit-contract-highs-as-strong-demand-fuels-rally
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Low slaughter supplies and holiday demand support hog prices and the cutout, which raises the cost of hogs for feed-buying operations. The rally was driven by demand and supply, so it does not reflect a new cause that would move grain prices.

## Read by commodity

- HOGS: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-hog-futures-hit-contract-highs-as-strong-demand-fuels-rally

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