# What happened to the margin outlook?

> 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.

- Date: 2026-08-31 · published 2026-08-31T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/18042-what-happened-to-the-margin-outlook
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- HOGS: bearish ▼

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/what-happened-to-the-margin-outlook-

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