# Large Slaughter, Weak Bellies Dragging Cutout/Hogs Lower - Pork Checkoff

> Hog slaughter was near 2.7 million head last week as producers moved hogs that had backed up due to winter storms and holidays. Pork belly prices remain far below last year's levels because of plentiful freezer supplies, and spot ham supply has increased.

- Date: 2023-01-21 · published 2023-01-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/37915-large-slaughter-weak-bellies-dragging-cutout-hogs-lower-pork-checkoff
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy slaughter and weak bellies are dragging the pork cutout and hog prices lower in the near term, which lowers the hog price outlook for feed buyers.

## Read by commodity

- HOGS: bearish ▼

## Sources

- porkcheckoff.org: https://www.porkcheckoff.org/news/large-slaughter-weak-bellies-dragging-cutout-hogs-lower/

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