# US pork market update: production gains and lower pricing drive exports | AHDB

> 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.

- Date: 2024-03-13 · published 2024-03-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/31348-us-pork-market-update-production-gains-and-lower-pricing-drive-exports-ahdb
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

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.

## 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 | 2026-08-25 | [Heavier Hogs Keep U.S. Pork Production Growing as Demand Pressures Prices - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/18044-heavier-hogs-keep-u-s-pork-production-growing-as-demand-pressures-prices.md) | +0.5% | -5.9% |
| HOGS | 2024-09-30 | [US Pork Production and Futures Price Range Projection – LACO Commodity Research](https://feedsoft.ai/events/28475-us-pork-production-and-futures-price-range-projection-laco-commodity-research.md) | +1.6% | -1.2% |
| HOGS | 2022-03-15 | [USDA GAIN Report: China pig production to exceed 2021 levels, prices remain low in 2022
						 \| The Pig Site](https://feedsoft.ai/events/42292-usda-gain-report-china-pig-production-to-exceed-2021-levels-prices-remain-low.md) | -0.1% | -1.9% |
| HOGS | 2023-02-09 | [Declining Crop Prices, Rising Production and Exports Highlight U.S. Agricultural Projections to 2032 \| Economic Research Service](https://feedsoft.ai/events/13299-declining-crop-prices-rising-production-and-exports-highlight-u-s-agricultural.md) | +7.7% | +10.0% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/us-pork-market-update-production-gains-and-lower-pricing-drive-exports

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