# Looking At The Market: Lots Of Hogs - Pork Business

> Dave Delaney of Ever.Ag said packers are cutting back slaughter, with hogs backing up in the market and some going unnegotiated. Pork cutout is around $100 and overall pork demand is described as acceptable, though foodservice demand is pinched.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/29921-looking-at-the-market-lots-of-hogs-pork-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Packer slaughter cuts and unsold hogs signal weak demand for live hogs, pressuring cash prices.

## Read by commodity

- HOGS: bearish ▼

## Sources

- porkbusiness.com: https://www.porkbusiness.com/markets/market-news/looking-market-lots-hogs

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