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The projected four-quarter hog profit margin has fallen about $33 per head since mid-April. Higher feed costs follow USDA's August WASDE, which tightened the 2026/27 corn balance sheet, with ending stocks projected 15% below last year.
Heavier carcass weights and abundant pork supplies also weigh on hog revenue.
Tighter corn supplies raise feed costs and squeeze producer margins, which can reduce hog herd expansion and support corn prices. Weaker hog revenue adds pressure on the hog price outlook.
nationalhogfarmer.comDustin BakerAug 31, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
