# Skyrocketing costs derailing expansion plans for U.S. pork producers

> A CoBank report says U.S. pork producers face rising costs for feed, labor and construction while hog values lag. Live hog purchases averaged $67/cwt over the 12 months to June 2023, up 45% from 2016-2020, and Iowa State estimates farrow-to-finish returns have fallen sharply since 2018.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35171-skyrocketing-costs-derailing-expansion-plans-for-u-s-pork-producers
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Weak hog margins and higher feed costs are limiting herd expansion, which can reduce future demand for feed grains and meal.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bearish ▼

## Sources

- feedstuffs.com: https://www.feedstuffs.com/market-news/skyrocketing-costs-derailing-expansion-plans-for-u-s-pork-producers

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