# Hog Margin Watch: April - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info

> The Hog Margin Watch reports hog margins weakened in April as the pork cutout fell from nearly $90/cwt in mid-March to just above $70, with pork bellies leading the decline. Cold storage pork inventories are excessive, and pork production in China hit a five-year high in Q1 while demand remains tepid.

- Date: 2023-04-19 · published 2023-04-19T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/36552-hog-margin-watch-april-swineweb-com-complete-swine-news-markets-commentary-and
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Heavy inventories and weak export demand from Asia point to continued pressure on hog prices and tighter producer margins, reducing feed buying appetite.

## Read by commodity

- HOGS: bearish ▼

## Sources

- swineweb.com: https://swineweb.com/hog-margin-watch-april/

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