
A December 30, 2024 review of hog margins described strong pork demand and falling feed costs through 2024, leaving producers able to lock in favorable margins for the next 12 months. The USDA's latest WASDE projected 2025 pork production up 2%, with rising farrowings expected in early 2025.
Lower feed costs and expanding production support hog margins, but higher hog output could pressure hog prices in the second and third quarters of 2025, affecting feed buying.
Not enough comparable past events yet for a historical read.
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.