# US market grinds along
						 | The Pig Site

> Producer-owned hogs averaged 72.30 cents per pound lean in the week, below farrow-to-finish production costs near 89 cents, with losses around $40 per head. The US-Canada breeding herd is shrinking, with the USDA December 1 breeding herd at 5.999 million, down 206,000 from June. Cutout values were 88.56 cents per pound.

- Date: 2024-01-24 · published 2024-01-24T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/32269-us-market-grinds-along-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A shrinking breeding herd and heavy producer losses point to tighter future pork supply, which is bullish for hog prices and supports demand for feed over time. Near-term pork demand is holding up.

## Read by commodity

- HOGS: bullish ▲

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2024/01/us-market-grinds-along

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