# High hog prices squeeze pork processors: USDA ERS - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info

> USDA ERS says pork processors will likely pay higher hog prices through year-end because of lower slaughter-ready supplies, while consumers resist higher pork prices. Processor spreads averaged about $33 per hog through week 43, nearly 20% below 2021, and fourth-quarter prices for 51-52% hogs are expected near $64/cwt.

- Date: 2022-12-09 · published 2022-12-09T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38370-high-hog-prices-squeeze-pork-processors-usda-ers-swineweb-com-complete-swine
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower hog supply and squeezed processor spreads point to firm live hog prices into the fourth quarter, with packers likely reducing weekly slaughter.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2025-03-31 | [Analysis of USDA Hogs and Pigs Report- JP Morgan - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/25740-analysis-of-usda-hogs-and-pigs-report-jp-morgan-swineweb-com-complete-swine.md) | +0.2% | +3.6% |
| HOGS | 2022-11-18 | [CIH Hog Margin Watch: November - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/38834-cih-hog-margin-watch-november-swineweb-com-complete-swine-news-markets.md) | -1.9% | -2.6% |
| HOGS | 2026-02-25 | [USDA February Outlook: Pork Sector Enters 2026 with Momentum, Tightening Supplies and Strong Deman - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/20750-usda-february-outlook-pork-sector-enters-2026-with-momentum-tightening-supplies.md) | +0.6% | -1.1% |
| HOGS | 2024-04-24 | [Rabobank Report: Strong Exports and Limited Supply Growth Drive Pork Industry Return to Profitability - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/30886-rabobank-report-strong-exports-and-limited-supply-growth-drive-pork-industry.md) | -2.8% | -0.7% |
| HOGS | 2022-12-21 | [Processor margins pressured by high hog prices](https://feedsoft.ai/events/38368-processor-margins-pressured-by-high-hog-prices.md) | +3.8% | -8.2% |

## Sources

- swineweb.com: https://swineweb.com/high-hog-prices-squeeze-pork-processors-usda-ers/

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