# Demand strengthening pork, hog prices

> 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.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/30394-demand-strengthening-pork-hog-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Solid pork demand and higher carcass values support hog prices and give producers a firmer base for feed purchasing decisions.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-03-19 | [Increased pork demand raises hog prices](https://feedsoft.ai/events/31347-increased-pork-demand-raises-hog-prices.md) | -0.6% | +8.4% |
| HOGS | 2021-03-16 | [Demand for hams and bellies driving hog prices](https://feedsoft.ai/events/48269-demand-for-hams-and-bellies-driving-hog-prices.md) | +4.0% | +12.9% |
| HOGS | 2026-02-18 | [Strong demand, tight supply push U.S. hog prices higher in 2026](https://feedsoft.ai/events/20747-strong-demand-tight-supply-push-u-s-hog-prices-higher-in-2026.md) | +2.8% | +3.5% |
| HOGS | 2024-03-01 | [Increased demand raises US hog prices
						 \| The Pig Site](https://feedsoft.ai/events/31352-increased-demand-raises-us-hog-prices-the-pig-site.md) | -0.8% | +1.7% |
| HOGS | 2021-05-12 | [6 Issues Driving Global Hog Prices - Pork Business](https://feedsoft.ai/events/47253-6-issues-driving-global-hog-prices-pork-business.md) | -0.5% | +7.6% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/demand-strengthening-pork-hog-prices

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