# Hogs Rally on Wednesday - IBest Media

> Lean hog futures rallied on Wednesday with April contracts gaining $2.40 to $3.37 and nearing the January 30 high. USDA's national base hog price fell $2.03 for the AM quote, while federally inspected slaughter was estimated at 492,000 head for Tuesday.

- Date: 2024-02-14 · published 2024-02-14T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/5541-hogs-rally-on-wednesday-ibest-media
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong futures gains reflect bullish sentiment, but a weaker cash hog price and steady slaughter pace suggest limited fundamental support for the move.

## Read by commodity

- HOGS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2024-02-20 | 5 | +10.1% | 2.8 | April hogs rallied $2.40-$3.37 on Feb 14, approaching the Jan 30 high, adding to the weekly gain via momentum and technical buying. |

## Sources

- ibestmedia.com: https://www.ibestmedia.com/post/9673.html

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