# Searching for a low

> Hog slaughter for the week ending Nov. 4 reached 2.677 million head, a year high and up 4% from last year. The article says weak demand and a large pork supply are weighing on primal cut prices, with the USDA projecting higher 2024 pork production.

- Date: 2023-11-06 · published 2023-11-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/33308-searching-for-a-low
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Excess pork supply and projected higher 2024 output point to continued pressure on hog prices, which limits producer demand for feed.

## Read by commodity

- HOGS: bearish ▼

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/searching-for-a-low

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