# U.S. livestock: Lean hogs rally on pork demand outlook, rising commodities prices - Grainews

> CME June lean hog futures rose for a third straight session to within a penny of a contract high, settling at 107.95 cents per pound. Gains came as broader commodities rallied and the US dollar softened, with support from Chinese economic data and a smaller US breeding herd.

- Date: 2024-04-23 · published 2024-04-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/30883-u-s-livestock-lean-hogs-rally-on-pork-demand-outlook-rising-commodities-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A tighter hog supply and firmer demand outlook support hog prices, which lifts the cost of pork-based feed inputs for buyers.

## Read by commodity

- HOGS: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-livestock-lean-hogs-rally-on-pork-demand-outlook-rising-commodities-prices/

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