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USDA ERS data show January–April 2024 hog prices rose 6.3% year over year, and the wholesale pork carcass value climbed more than 13%. Federally inspected slaughter through April was 0.5% above last year after adjusting for slaughter days.
Strong domestic consumer demand is supporting prices.
Solid pork demand and higher carcass values support hog prices and give producers a firmer base for feed purchasing decisions.
nationalhogfarmer.comAnn HessMay 23, 2024After 100 past bullish report events, HOGS moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
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.
