# U.S. livestock: Lean hogs advance after strong US pork export data

> Lean hog futures rose on Thursday at the CME on strong US pork export demand and follow-through buying. USDA reported pork export sales of 71,855 metric tons for the week ended Feb. 8, up 106% from the prior four-week average, the biggest for this marketing year since 2019.

- Date: 2024-02-15 · published 2024-02-15T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5539-u-s-livestock-lean-hogs-advance-after-strong-us-pork-export-data
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Large purchases by Mexico and China strengthen the export outlook and support hog prices, reinforcing demand for pork and related feed.

## 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 | Record weekly pork export sales of 71,855 MT reported Feb 15 (up 106% vs four-week average) lifted export demand expectations and drove the lean hog rally on the move date. |
| HOGS | 2024-02-20 | 5 | +10.1% | 2.8 | Export sales up 106% vs the four-week average, the biggest this marketing year since 2019, drove follow-through buying in hog futures. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2020-05-01 | [U.S. livestock: Hogs climb on strong pork exports, wholesale prices - AgCanada](https://feedsoft.ai/events/53269-u-s-livestock-hogs-climb-on-strong-pork-exports-wholesale-prices-agcanada.md) | +15.8% | -0.2% |
| HOGS | 2019-11-21 | [U.S. livestock: Hog futures halt skid on export data - Grainews](https://feedsoft.ai/events/56221-u-s-livestock-hog-futures-halt-skid-on-export-data-grainews.md) | -1.0% | +8.2% |
| HOGS | 2019-01-03 | [Strong pork exports could mean better year](https://feedsoft.ai/events/61253-strong-pork-exports-could-mean-better-year.md) | +3.3% | -0.8% |
| HOGS | 2020-11-05 | [U.S. livestock: Cattle futures up on firm cash, export hopes - Grainews](https://feedsoft.ai/events/7937-u-s-livestock-cattle-futures-up-on-firm-cash-export-hopes-grainews.md) | -1.0% | -2.7% |
| 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% |

## Sources

- farmtario.com: https://farmtario.com/daily/u-s-livestock-lean-hogs-advance-after-strong-us-pork-export-data/
- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-lean-hogs-advance-after-strong-us-pork-export-data

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