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

> Hog margins were flat through the first half of February with limited movement in hog and feed markets. USDA's February WASDE trimmed 2023 pork production by 45 million pounds to 27.435 billion pounds, still up 1.6% year over year. Argentina's corn crop was cut 5 million tons to 47 million.

- Date: 2023-02-19 · published 2023-02-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/37474-cih-hog-margin-watch-february-swineweb-com-complete-swine-news-markets
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lackluster Q1 pork demand and expected Q4 production growth point to pressure on hog prices, while the Argentine corn cut supports feed grain prices.

## Read by commodity

- CORN: bullish ▲
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-10-20 | [CIH's Hog Margin Watch Report for October 1-15, 2021 - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/44728-cih-s-hog-margin-watch-report-for-october-1-15-2021-swineweb-com-complete-swine.md) | -5.0% | -4.3% |
| HOGS | 2026-08-25 | [Heavier Hogs Keep U.S. Pork Production Growing as Demand Pressures Prices - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/18044-heavier-hogs-keep-u-s-pork-production-growing-as-demand-pressures-prices.md) | +0.5% | -5.9% |
| HOGS | 2022-07-15 | [UPDATE 2-China Q2 pork output at highest in years after herd recovery - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/40473-update-2-china-q2-pork-output-at-highest-in-years-after-herd-recovery-swineweb.md) | +1.5% | +6.1% |
| HOGS | 2026-06-23 | [USDA Outlook Signals Bigger Pork Supplies, Softer Prices, and Export Opportunities Ahead - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/18964-usda-outlook-signals-bigger-pork-supplies-softer-prices-and-export.md) | -0.6% | +6.4% |
| HOGS | 2022-04-14 | [Global Pork Quarterly Q2 2022: Inflationary Pressure Renews Industry Focus on Efficiency and Slows Growth - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/5956-global-pork-quarterly-q2-2022-inflationary-pressure-renews-industry-focus-on.md) | +7.6% | +1.6% |
| CORN | 2025-07-24 | [Feed Outlook Tightens for 2025/26: What Pork Producers Need to Know - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/23815-feed-outlook-tightens-for-2025-26-what-pork-producers-need-to-know-swineweb-com.md) | +1.0% | -1.0% |
| CORN | 2026-08-19 | [USDA Feed Outlook: Tighter Corn Stocks and Strong Exports Reshape 2026/27 Feed Picture - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/17978-usda-feed-outlook-tighter-corn-stocks-and-strong-exports-reshape-2026-27-feed.md) | +3.8% | +6.0% |
| CORN | 2025-04-16 | [Livestock Feed Markets Stable as World Markets Swirl \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/25250-livestock-feed-markets-stable-as-world-markets-swirl-industry-news.md) | -0.8% | -6.1% |

## Sources

- swineweb.com: https://swineweb.com/cih-hog-margin-watch-february-2/

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