# Weaker Demand to Start the Year While Domestic Supply Expected at 2022 Levels - Pork Checkoff

> Pork markets are trading sideways on ample supply and weaker-than-expected demand across several cuts. Q1 pork production is forecast up 1.5%, with supply expected to fall into March and April. Pork bellies are under pressure while bone-in hams command an export premium.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37472-weaker-demand-to-start-the-year-while-domestic-supply-expected-at-2022-levels
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Soft demand and ample Q1 supply weigh on hog prices near term, though expected lower spring supply could support a rebound later.

## Read by commodity

- HOGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2023-03-07 | [China pork production expected to rise slightly in 2023 - GAIN report
						 \| The Pig Site](https://feedsoft.ai/events/36848-china-pork-production-expected-to-rise-slightly-in-2023-gain-report-the-pig-site.md) | +2.3% | -7.8% |
| HOGS | 2024-11-18 | [China’s pork production declines amid weak demand and herd reduction](https://feedsoft.ai/events/27393-china-s-pork-production-declines-amid-weak-demand-and-herd-reduction.md) | +0.2% | +0.3% |
| HOGS | 2021-01-18 | [China’s pork output recovers in 2020, beating expectations
						 \| The Pig Site](https://feedsoft.ai/events/49143-china-s-pork-output-recovers-in-2020-beating-expectations-the-pig-site.md) | +1.8% | +10.0% |
| HOGS | 2018-01-01 | [Hog Prices Supported by Strong Demand](https://feedsoft.ai/events/67140-hog-prices-supported-by-strong-demand.md) | +3.2% | +7.4% |
| HOGS | 2025-01-01 | [Digging into the December 2024 Hogs and Pigs Report](https://feedsoft.ai/events/27097-digging-into-the-december-2024-hogs-and-pigs-report.md) | -2.9% | +1.1% |

## Sources

- live.porkcheckoff.org: https://live.porkcheckoff.org/news/weaker-demand-to-start-the-year-while-domestic-supply-expected-at-2022-levels/

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