# Analysis of USDA Hogs and Pigs Report- JP Morgan - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info

> USDA's quarterly Hogs and Pigs report showed every key tracked item below consensus expectations, indicating limited domestic hog supply. J.P. Morgan analysts said the shortfall could lift hog prices and pressure producer margins. Pork buyers such as retailers and processors may face higher costs.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/25740-analysis-of-usda-hogs-and-pigs-report-jp-morgan-swineweb-com-complete-swine
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower-than-expected supply tightens hog availability, which tends to support lean hog prices and could raise pork costs for buyers. Feed demand from the hog sector may be firmer than previously expected.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-12-09 | [High hog prices squeeze pork processors: USDA ERS - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/38370-high-hog-prices-squeeze-pork-processors-usda-ers-swineweb-com-complete-swine.md) | -0.2% | -3.4% |
| HOGS | 2022-11-18 | [CIH Hog Margin Watch: November - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/38834-cih-hog-margin-watch-november-swineweb-com-complete-swine-news-markets.md) | -1.9% | -2.6% |
| HOGS | 2026-02-25 | [USDA February Outlook: Pork Sector Enters 2026 with Momentum, Tightening Supplies and Strong Deman - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/20750-usda-february-outlook-pork-sector-enters-2026-with-momentum-tightening-supplies.md) | +0.6% | -1.1% |
| HOGS | 2024-04-24 | [Rabobank Report: Strong Exports and Limited Supply Growth Drive Pork Industry Return to Profitability - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/30886-rabobank-report-strong-exports-and-limited-supply-growth-drive-pork-industry.md) | -2.8% | -0.7% |
| HOGS | 2026-06-25 | [June Hogs and Pigs Report: Steady Inventory and Razor Thin Margins - Pork Business](https://feedsoft.ai/events/18960-june-hogs-and-pigs-report-steady-inventory-and-razor-thin-margins-pork-business.md) | -0.2% | +7.3% |

## Sources

- swineweb.com: https://swineweb.com/analysis-of-usda-hogs-and-pigs-report-jp-morgan/

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