# U.S. livestock: Hogs extend gains on packer demand - AgCanada

> Lean hog futures extended gains to a seven-month high on Thursday, with the front-month February contract hitting a lifetime high before settling higher. Packers were earning strong margins as demand for pork supported the market, while cattle futures rebounded from multiweek lows on short covering.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72639-u-s-livestock-hogs-extend-gains-on-packer-demand-agcanada
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Feeder Cattle](https://feedsoft.ai/c/FCATTLE.md)

## Why it matters

Strong packer demand and firm hog values support hog prices and feed demand for hog rations, while the cattle rebound is a short-term move for feeder buyers.

## Read by commodity

- HOGS: bullish ▲
- FCATTLE: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-livestock-hogs-extend-gains-on-packer-demand

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