# Increased pork demand raises hog prices

> USDA ERS projects US pork exports to rise about 4.6% over 2023 on higher domestic production and less global competition. February hog slaughter ran above expectations as processors bid up hog prices to meet stronger wholesale pork demand.

- Date: 2024-03-19 · published 2024-03-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31347-increased-pork-demand-raises-hog-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong wholesale pork demand and rising cutout values support lean hog prices, which in turn raise the cost of hogs for feed buyers. Expected continued demand suggests firm hog prices through the year.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-05-23 | [Demand strengthening pork, hog prices](https://feedsoft.ai/events/30394-demand-strengthening-pork-hog-prices.md) | -1.2% | -2.8% |
| HOGS | 2021-12-21 | [Supply chain issues, increased wages and inputs pushing pork prices up](https://feedsoft.ai/events/43766-supply-chain-issues-increased-wages-and-inputs-pushing-pork-prices-up.md) | +2.4% | +3.3% |
| 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% |

## Sources

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

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