# Export demand is driving hog prices

> National negotiated hog carcass prices rose about $30 per cwt (67%) in six weeks to roughly $75.50 in mid-April 2019, the highest since mid-July. The April lean hog contract expired at $79.30, with the rally driven mainly by optimism about pork export demand.

- Date: 2019-04-15 · published 2019-04-15T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/7152-export-demand-is-driving-hog-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expected record pork exports against heavier hog weights support hog prices, while higher exports help offset large domestic supplies.

## Read by commodity

- HOGS: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| HOGS | 2019-04-15 | 1 | +6.9% | 4.4 | Mid-April cash carcass price surge and April contract expiry at $79.30 reflect export-demand-driven strength, and expiry/cash convergence likely contributed to futures buying. |
| HOGS | 2019-04-14 | 1 | +6.6% | 4.2 | Describes the six-week rally in hog prices on export optimism and the April contract expiry at $79.30, which is consistent with the move, though dated just after the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2026-03-18 | [Export demand expected to push U.S. pork prices higher](https://feedsoft.ai/events/20322-export-demand-expected-to-push-u-s-pork-prices-higher.md) | -1.8% | -2.6% |
| HOGS | 2021-04-08 | [Rising pork demand drives US hog prices to highest since 2014 \| Air Freight News](https://feedsoft.ai/events/47754-rising-pork-demand-drives-us-hog-prices-to-highest-since-2014-air-freight-news.md) | +1.5% | +7.3% |
| HOGS | 2017-05-10 | [Pork Demand Fuels Dramatic Improvement in Cash Hog Prices
						 \| The Pig Site](https://feedsoft.ai/events/71169-pork-demand-fuels-dramatic-improvement-in-cash-hog-prices-the-pig-site.md) | +10.1% | +15.8% |
| 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 | 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

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/hog-prices/export-demand-is-driving-hog-prices

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