# Demand remains a primary challenge that could impact the U.S. pork market in 2024

> Steiner and Company and the National Pork Board assessed the 2024 US pork outlook. Hog slaughter reached 2.7 million head the prior week, the highest of the year, creating ample supply, while wholesale pork demand has declined sharply versus 2021 and 2022.

- Date: 2023-12-14 · published 2023-12-14T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/32860-demand-remains-a-primary-challenge-that-could-impact-the-u-s-pork-market-in-2024
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy slaughter and weak wholesale demand point to lower pork cutout values and pressure on hog prices into 2024. Expected modest supply growth and modest demand gains leave the balance soft.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2026-08-25 | [Heavier Hogs Keep U.S. Pork Production Growing as Demand Pressures Prices - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/18044-heavier-hogs-keep-u-s-pork-production-growing-as-demand-pressures-prices.md) | +0.5% | -5.9% |
| HOGS | 2019-06-29 | [The US has so many fat pigs that pork prices are at decade low \| FMT](https://feedsoft.ai/events/58747-the-us-has-so-many-fat-pigs-that-pork-prices-are-at-decade-low-fmt.md) | -2.7% | +12.2% |
| HOGS | 2023-01-09 | [Ask the Experts: Pork Markets - Pork Checkoff](https://feedsoft.ai/events/37922-ask-the-experts-pork-markets-pork-checkoff.md) | -2.9% | -5.8% |
| HOGS | 2018-09-24 | [Rabobank report: Rising volatility will challenge industry margins - Poultry News](https://feedsoft.ai/events/63198-rabobank-report-rising-volatility-will-challenge-industry-margins-poultry-news.md) | +5.6% | -4.1% |
| HOGS | 2022-03-15 | [USDA GAIN Report: China pig production to exceed 2021 levels, prices remain low in 2022
						 \| The Pig Site](https://feedsoft.ai/events/42292-usda-gain-report-china-pig-production-to-exceed-2021-levels-prices-remain-low.md) | -0.1% | -1.9% |

## Sources

- americanporkclub.com: https://americanporkclub.com/Home/news/news-usa/demand-remains-primary-challenge-could-impact-us-pork-market-2024

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