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USDA economists note that processors' spreads have narrowed and that spot hogs traded at a premium to producer-sold hogs by late February. Strong pork demand led to better loin cut prices, which USDA linked to export demand.
The 2026 hog price is projected to average $70 per cwt, 2.1% above 2025.
Robust export demand for pork supports hog prices and encourages processors to buy hogs even at higher prices. This sustains demand for hog feed into 2026.
nationalhogfarmer.comAnn HessMar 18, 2026After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% over 20.
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.
