# Hog Futures Continuing Higher on Pork Purchases - IBest Media

> Front-month hog futures extended gains on Thursday after USDA export sales showed record weekly pork bookings of 71,855 MT, with Mexico, China and Japan as main buyers. The National Average Base Hog price and CME Lean Hog Index also moved higher.

- Date: 2024-02-15 · published 2024-02-15T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5538-hog-futures-continuing-higher-on-pork-purchases-ibest-media
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Robust pork export demand supports hog prices and signals firm domestic meat demand heading into spring marketing.

## Read by commodity

- HOGS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2024-02-15 | 1 | +6.5% | 6.3 | Front-month hogs extended gains on Feb 15 after record pork bookings to Mexico, China and Japan, with cash and index prices also higher, directly matching the move. |
| HOGS | 2024-02-20 | 5 | +10.1% | 2.8 | Front-month hogs extended gains on the record export bookings, with the cash index and base hog price also rising. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-02-16 | [Lean Hogs Gapped Higher and Rallied post Export Sales - IBest Media](https://feedsoft.ai/events/5536-lean-hogs-gapped-higher-and-rallied-post-export-sales-ibest-media.md) | +3.9% | +4.0% |
| HOGS | 2019-09-25 | [Hog futures top one-week high on talk of Chinese buying](https://feedsoft.ai/events/57221-hog-futures-top-one-week-high-on-talk-of-chinese-buying.md) | +2.5% | +9.0% |
| HOGS | 2019-08-29 | [U.S. hog futures top one-week highs on China trade hopes \| Financial Post](https://feedsoft.ai/events/57717-u-s-hog-futures-top-one-week-highs-on-china-trade-hopes-financial-post.md) | -0.9% | -8.2% |
| HOGS | 2020-12-01 | [CME update: lean hog futures get a boost on strong pork demand
						 \| The Pig Site](https://feedsoft.ai/events/49795-cme-update-lean-hog-futures-get-a-boost-on-strong-pork-demand-the-pig-site.md) | -2.9% | -3.6% |
| HOGS | 2021-02-12 | [Pig outlook: Lean hog futures continue solid bull run
						 \| The Pig Site](https://feedsoft.ai/events/4614-pig-outlook-lean-hog-futures-continue-solid-bull-run-the-pig-site.md) | +10.4% | +20.5% |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/9898.html

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