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Rabobank says limited sow herd growth and PRRS health problems will keep US hog supplies tight into early 2026. Hog prices are around $98/cwt, up 15% year over year, and cutout values have reached $109/cwt, with strong ham demand.
Tight hog supplies and firm cutout values support hog prices, which supports the value of finishing hogs and the demand for feed.
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.