# New retail pork price record

> The average US retail pork price reached a record $5.047 per pound in October, up 23.1 cents from a year earlier. Live hog prices for October averaged $67.78/cwt, well below the July 2014 record, and USDA forecasts a 2022 live hog average of $71.33/cwt.

- Date: 2022-11-28 · published 2022-11-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/38833-new-retail-pork-price-record
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Retail records reflect inflation rather than tight supply, and with seasonal price trends lower and weakening domestic demand, the outlook for hog prices and feed demand is modestly bearish.

## Read by commodity

- HOGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2024-05-31 | [Cut Through the Noise: What Economists Want Producers to Know - Pork Business](https://feedsoft.ai/events/30397-cut-through-the-noise-what-economists-want-producers-to-know-pork-business.md) | -0.8% | -3.2% |
| HOGS | 2023-07-10 | [Porkonomics: An Economic Outlook for the Pork Industry - Pork Checkoff](https://feedsoft.ai/events/35181-porkonomics-an-economic-outlook-for-the-pork-industry-pork-checkoff.md) | +2.7% | +3.9% |
| HOGS | 2022-10-19 | [Meat Values Stoke Revenues; Inflation Offers Pause, CoBank Says - Pork Business](https://feedsoft.ai/events/39276-meat-values-stoke-revenues-inflation-offers-pause-cobank-says-pork-business.md) | +1.4% | -3.0% |
| HOGS | 2018-06-04 | [FoodFarmNews: China’s pig farmers plan to produce mega hog-farms to meet demands of world’s biggest pork market](https://feedsoft.ai/events/64512-foodfarmnews-china-s-pig-farmers-plan-to-produce-mega-hog-farms-to-meet-demands.md) | +3.9% | +10.6% |
| HOGS | 2020-10-27 | [Rabobank: Meat markets ‘tested’ in Q4 \| 2020-10-27  \| MEAT+POULTRY](https://feedsoft.ai/events/50591-rabobank-meat-markets-tested-in-q4-2020-10-27-meat-poultry.md) | -4.0% | -7.4% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/new-retail-pork-price-record

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