# Hog industry balancing act

> Farm Progress editor Kevin Schulz reviews the US hog outlook, noting input costs are easing and seasonal pork demand should rise in H2. Rabobank flags risks from geopolitics, the US-China trade dispute, the outcome of the presidential election and China's antidumping probe into EU pork imports. Excess North American supply from favorable weather is weighing on producer returns.

- Date: 2024-08-12 · published 2024-08-12T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28751-hog-industry-balancing-act
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower feed and input costs help US hog margins, but excess supply and trade policy risks cap prices and could shift export flows for pork and feed grains.

## Read by commodity

- CORN: neutral
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-06-11 | [Lower hog prices ahead](https://feedsoft.ai/events/64673-lower-hog-prices-ahead.md) | +4.5% | +4.1% |
| HOGS | 2025-07-28 | [Sharp drop in hog prices this fall?](https://feedsoft.ai/events/23907-sharp-drop-in-hog-prices-this-fall.md) | -0.8% | -10.2% |
| HOGS | 2020-04-03 | [Grim reality of severe global economic recession slams meat industry
						 \| The Pig Site](https://feedsoft.ai/events/6602-grim-reality-of-severe-global-economic-recession-slams-meat-industry-the-pig.md) | -9.7% | +13.2% |
| HOGS | 2022-06-23 | [Hog, live cattle futures fall on recession fears - CME
						 \| The Beef Site](https://feedsoft.ai/events/41079-hog-live-cattle-futures-fall-on-recession-fears-cme-the-beef-site.md) | -1.1% | +4.5% |
| HOGS | 2024-06-03 | [U.S. livestock: Lean hog futures fall after Mexican election - AgCanada](https://feedsoft.ai/events/29919-u-s-livestock-lean-hog-futures-fall-after-mexican-election-agcanada.md) | -1.0% | -3.4% |
| CORN | 2019-07-23 | [High production, competing proteins, closed foreign markets challenge U.S. chicken industry](https://feedsoft.ai/events/58239-high-production-competing-proteins-closed-foreign-markets-challenge-u-s-chicken.md) | +0.9% | -10.8% |
| CORN | 2020-04-03 | [Grim reality of severe global economic recession slams meat industry
						 \| The Pig Site](https://feedsoft.ai/events/6602-grim-reality-of-severe-global-economic-recession-slams-meat-industry-the-pig.md) | -0.6% | -8.4% |
| CORN | 2018-05-14 | [Inflation forces building](https://feedsoft.ai/events/10235-inflation-forces-building.md) | +1.7% | -1.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/hog-industry-balancing-act

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