# US hog farmers rebound from 2023 losses - AFBF
						 | The Pig Site

> American Farm Bureau Federation data shows US hog farmers lost about $31 per head in 2023. Iowa State's June 2024 estimate shows farrow-to-finish returns of $8.82 per hog, up from a loss in 2023 as feed costs fell 25%. Pork export sales were up 6.7% year to date through July 18, with Mexico the dominant buyer.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/28942-us-hog-farmers-rebound-from-2023-losses-afbf-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower feed costs are improving producer margins, but weak domestic pork demand limits price upside. Export strength from Mexico is the main support for hog prices.

## Read by commodity

- CORN: neutral
- HOGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-04-01 | [Lean hogs retreat after contract highs - CME
						 \| The Pig Site](https://feedsoft.ai/events/41995-lean-hogs-retreat-after-contract-highs-cme-the-pig-site.md) | -2.4% | +1.0% |
| HOGS | 2017-11-30 | [China pork report: Q4 2017
						 \| The Pig Site](https://feedsoft.ai/events/67973-china-pork-report-q4-2017-the-pig-site.md) | +0.2% | +4.2% |
| HOGS | 2021-01-18 | [China’s pork output recovers in 2020, beating expectations
						 \| The Pig Site](https://feedsoft.ai/events/49143-china-s-pork-output-recovers-in-2020-beating-expectations-the-pig-site.md) | +1.8% | +10.0% |
| HOGS | 2025-01-01 | [Digging into the December 2024 Hogs and Pigs Report](https://feedsoft.ai/events/27097-digging-into-the-december-2024-hogs-and-pigs-report.md) | -2.9% | +1.1% |
| HOGS | 2025-07-28 | [Pork markets dip amid tariff concerns from Mexico - CME
						 \| The Pig Site](https://feedsoft.ai/events/23904-pork-markets-dip-amid-tariff-concerns-from-mexico-cme-the-pig-site.md) | -0.8% | -10.2% |
| CORN | 2026-06-16 | [US egg prices fall sharply as flock rebuilds after HPAI losses
						 \| The Poultry Site](https://feedsoft.ai/events/18789-us-egg-prices-fall-sharply-as-flock-rebuilds-after-hpai-losses-the-poultry-site.md) | -0.8% | +1.7% |
| CORN | 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) | -1.3% | -4.5% |
| CORN | 2022-04-01 | [Lean hogs retreat after contract highs - CME
						 \| The Pig Site](https://feedsoft.ai/events/41995-lean-hogs-retreat-after-contract-highs-cme-the-pig-site.md) | +3.3% | +5.2% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2024/08/us-hog-farmers-rebound-from-2023-losses-afbf

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