# Weathering the storm

> Hog producer margins are deeply negative, with losses approaching $60 per head and forecast negative margins through Q1 2024. Forward futures curves show higher hog values and cheaper feed costs for 2024.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36090-weathering-the-storm
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Losses this deep could reduce sow herd rebuilding and future hog supply, while cheaper feed supports producer margins. The outlook is mixed for hog prices near term and in 2024.

## Read by commodity

- HOGS: neutral

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/weathering-the-storm

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