# Lean Hogs Rally Through Tuesday - IBest Media

> Lean hog futures rose 0.3% to 1.8% on Tuesday, with Feb 24 hogs closing up 57.5 cents at $75.85. The CME Lean Hog Index climbed 70 cents to $70.60 for the 1/26 reading, while the USDA pork cutout eased 52 cents to $88.55 with bellies weakest. Weekly federally inspected slaughter reached 982k head, 20k ahead of the prior week.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32265-lean-hogs-rally-through-tuesday-ibest-media
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher hog futures and index values reflect firm cash and wholesale pork demand against steady slaughter, which supports feed buyers' hog-linked demand outlook. Pork cutout weakness in bellies is a modest offset.

## Read by commodity

- HOGS: bullish ▲

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/6781.html

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