# Softer demand for U.S. pork expected to persist

> USDA's Economic Research Service cut second-half 2024 pork production by about 85 million pounds after lower Q3 slaughter and smaller dressed weights. Total 2024 pork production is forecast at 28 billion pounds, up 2.8% from last year. The ERS also reduced 2024 and 2025 export forecasts because demand from key importers remains weak.

- Date: 2024-08-22 · published 2024-08-22T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28939-softer-demand-for-u-s-pork-expected-to-persist
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower pork output is modestly supportive, but reduced export expectations weigh on hog demand and prices. Hog prices are expected to average $55 per cwt in Q1 2025, signaling continued pressure.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-11-26 | [Pork production is humming, but so is demand: USDA](https://feedsoft.ai/events/62204-pork-production-is-humming-but-so-is-demand-usda.md) | -1.9% | -0.2% |
| HOGS | 2023-09-06 | [Headwinds expected to impact Chinese pork, beef trade – GAIN](https://feedsoft.ai/events/34035-headwinds-expected-to-impact-chinese-pork-beef-trade-gain.md) | +1.3% | -2.8% |
| HOGS | 2019-08-30 | [With pork demand getting all the attention, don’t forget supply](https://feedsoft.ai/events/57722-with-pork-demand-getting-all-the-attention-don-t-forget-supply.md) | -3.4% | -7.2% |
| HOGS | 2023-07-17 | [China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business](https://feedsoft.ai/events/35027-china-s-q2-pork-output-highest-for-the-period-in-at-least-a-decade-pork-business.md) | +0.3% | +0.7% |
| HOGS | 2017-07-19 | [Higher US Hog Numbers Expected to Result in Lower Market Prices
						 \| The Pig Site](https://feedsoft.ai/events/4731-higher-us-hog-numbers-expected-to-result-in-lower-market-prices-the-pig-site.md) | -0.8% | -10.2% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/softer-demand-for-u-s-pork-expected-to-persist

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