# NPPC Releases Third Quarter Economic Update | American Ag Network

> The National Pork Producers Council released its Q3 economic update, reporting producers have faced the worst average losses in about 20 years. Negotiated hog prices rose about 30% from May to July but remain $20 below year-ago levels, and the report discusses California's Proposition 12.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/35179-nppc-releases-third-quarter-economic-update-american-ag-network
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Producer losses and higher costs point to constrained hog supply, while Proposition 12 adds cost pressure that could support pork prices.

## Read by commodity

- HOGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-08-01 | [Livestock Market Update for The Second Half of 2024 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/28790-livestock-market-update-for-the-second-half-of-2024-farm-bureau-intel-markets.md) | -1.1% | -9.3% |
| HOGS | 2022-04-20 | [China’s Struggling Pig Farmers Should Return to Profit in Third Quarter, Agriculture Ministry Official Says](https://feedsoft.ai/events/41837-china-s-struggling-pig-farmers-should-return-to-profit-in-third-quarter.md) | -2.9% | -4.5% |
| HOGS | 2025-02-17 | [Pork producers wary about expansion amid economic, political concerns](https://feedsoft.ai/events/26034-pork-producers-wary-about-expansion-amid-economic-political-concerns.md) | -0.8% | -1.7% |
| HOGS | 2022-10-18 | [Livestock, Dairy, and Poultry Outlook: October 2022 \| Economic Research Service](https://feedsoft.ai/events/39085-livestock-dairy-and-poultry-outlook-october-2022-economic-research-service.md) | +1.9% | -2.6% |
| HOGS | 2022-09-16 | [Livestock, Dairy, and Poultry Outlook: September 2022 \| Economic Research Service](https://feedsoft.ai/events/39527-livestock-dairy-and-poultry-outlook-september-2022-economic-research-service.md) | -1.0% | -3.5% |

## Sources

- americanagnetwork.com: https://www.americanagnetwork.com/2023/07/27/nppc-releases-third-quarter-economic-update/

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