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Hog futures indicate carcass prices will only rally to about $100/cwt by July-August, below earlier expectations of $100-plus summer prices. No 2026 contracts closed above $100.50 on the prior Friday.
USDA forecasts 2026 liveweight hog prices at $68.38/cwt.
Lower summer hog price expectations reduce producer margins and could trim hog herd expansion and feed demand later in the year.
nationalhogfarmer.comRon PlainJun 1, 2026Not 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.
