# Increased demand raises US hog prices
						 | The Pig Site

> Pig Site reports that US hog slaughter in February ran about 5% above a year earlier, with processors bidding up hog prices as wholesale pork demand rose. Pork sales of about 2.4 billion pounds were nearly 5% higher, and cutout values were up 8.3%.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31352-increased-demand-raises-us-hog-prices-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher wholesale pork demand and firm cutout values support hog prices and give processors margin to pay up for hogs, which lifts hog market values for feed buyers.

## 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 | 2024-05-23 | [Demand strengthening pork, hog prices](https://feedsoft.ai/events/30394-demand-strengthening-pork-hog-prices.md) | -1.2% | -2.8% |
| 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 | 2020-08-26 | [CME update: US hog futures rise as pork supplies contract
						 \| The Pig Site](https://feedsoft.ai/events/51760-cme-update-us-hog-futures-rise-as-pork-supplies-contract-the-pig-site.md) | -0.9% | +22.7% |
| 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% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2024/03/increased-demand-raises-us-hog-prices

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