# Capital Update - For the Week Ending July 14, 2023 | NPPC

> The National Pork Producers Council reports on its meeting with Agriculture Secretary Vilsack, who discussed a USDA Section 32 purchase of $50.1 million in pork loins for food assistance programs. The pork industry is facing its worst run of average losses in more than 20 years. The update also covers May pork export growth and trade policy.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/35044-capital-update-for-the-week-ending-july-14-2023-nppc
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The government purchase adds a modest source of demand for pork products and may give some support to hog prices. Ongoing losses and export trends still point to a weak fundamental backdrop for the sector.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-06-06 | [Jim Long Pork Commentary: China Update
						 \| The Pig Site](https://feedsoft.ai/events/70484-jim-long-pork-commentary-china-update-the-pig-site.md) | +2.2% | +13.7% |
| HOGS | 2020-02-24 | [The 2020 Outlook for U.S. Agriculture From USDA’s Chief Economist - Farm Policy News](https://feedsoft.ai/events/54630-the-2020-outlook-for-u-s-agriculture-from-usda-s-chief-economist-farm-policy.md) | -3.6% | -0.9% |
| HOGS | 2025-11-26 | [Pacific Securities: The driving force for capacity reduction in the pig farming industry is strengthening, and the pace of reduction may accelerate.](https://feedsoft.ai/events/21945-pacific-securities-the-driving-force-for-capacity-reduction-in-the-pig-farming.md) | +0.9% | +5.4% |
| HOGS | 2026-10-02 | [US and China Unveil $30 Billion Tariff-Cut Framework for Agricultural Exports - Beijing Post](https://feedsoft.ai/events/4457-us-and-china-unveil-30-billion-tariff-cut-framework-for-agricultural-exports.md) | -2.4% | -18.9% |
| HOGS | 2017-11-05 | [No joke: China's war on pollution roils world's top pig farming sector](https://feedsoft.ai/events/67976-no-joke-china-s-war-on-pollution-roils-world-s-top-pig-farming-sector.md) | -2.8% | -3.2% |

## Sources

- nppc.org: https://nppc.org/capital-update/capital-update-july-14-2023/

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