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The USDA Hogs and Pigs report indicated that US hog supplies later in summer and into fall may run above year-ago levels. Near-term pork supply remains limited, and belly prices are expected to stay elevated through early August.
Expected larger late-summer supplies should temper prices after Labor Day, reducing hog margins and potentially moderating demand for feed in the fall.
porkcheckoff.orgJun 30, 2025After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.
