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USDA data show 2023 US pork production rose 1.1% to 12.4 million tonnes, with 2024 forecast to rise 2.4% to 12.7 million. US exports grew 7.5% year on year while imports fell 16%, and hog prices remain below 2023 levels.
Higher production and lower hog pricing keep US pork competitive in export markets, but larger supplies weigh on hog prices and feed demand from producers.
ahdb.org.ukMar 13, 2024After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
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.
