# Demand for hams and bellies driving hog prices

> USDA's Livestock, Dairy and Poultry Outlook reported February hog slaughter about 3% below a year earlier, largely due to winter weather. Live hog prices averaged $53.93/cwt, 33% above February 2020. Strong ham and belly demand drove wholesale pork values higher.

- Date: 2021-03-16 · published 2021-03-16T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/48269-demand-for-hams-and-bellies-driving-hog-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower slaughter and firm wholesale pork demand support hog prices, and strong cutout values encourage processors to keep bidding for hogs.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-05-23 | [Demand strengthening pork, hog prices](https://feedsoft.ai/events/30394-demand-strengthening-pork-hog-prices.md) | -1.2% | -2.8% |
| HOGS | 2024-03-19 | [Increased pork demand raises hog prices](https://feedsoft.ai/events/31347-increased-pork-demand-raises-hog-prices.md) | -0.6% | +8.4% |
| HOGS | 2021-05-12 | [6 Issues Driving Global Hog Prices - Pork Business](https://feedsoft.ai/events/47253-6-issues-driving-global-hog-prices-pork-business.md) | -0.5% | +7.6% |
| HOGS | 2024-03-01 | [Increased demand raises US hog prices
						 \| The Pig Site](https://feedsoft.ai/events/31352-increased-demand-raises-us-hog-prices-the-pig-site.md) | -0.8% | +1.7% |
| HOGS | 2026-02-18 | [Strong demand, tight supply push U.S. hog prices higher in 2026](https://feedsoft.ai/events/20747-strong-demand-tight-supply-push-u-s-hog-prices-higher-in-2026.md) | +2.8% | +3.5% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/livestock-and-poultry-market-news/demand-for-hams-and-bellies-driving-hog-prices

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