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

> Hog margins improved in the first half of November as cash hog prices firmed and feed costs eased. Slaughter for the four weeks ending November 12 was 1.8% below a year earlier, and the September inventory of 120-179 lb hogs was 1.2% lower. USDA's November WASDE lowered 2022 pork production.

- Date: 2022-11-18 · published 2022-11-18T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/38834-cih-hog-margin-watch-november-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

Tighter hog supplies support hog prices and improve producer margins, which can support demand for feed and protein meal over the coming months.

## Read by commodity

- CORN: neutral
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-12-09 | [High hog prices squeeze pork processors: USDA ERS - Swineweb.com - Complete Swine News, Markets, Commentary, and Technical Info](https://feedsoft.ai/events/38370-high-hog-prices-squeeze-pork-processors-usda-ers-swineweb-com-complete-swine.md) | -0.2% | -3.4% |
| 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 | 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 | 2017-12-20 | [Pork packer margins rebound in November](https://feedsoft.ai/events/67632-pork-packer-margins-rebound-in-november.md) | +2.8% | +10.9% |
| CORN | 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) | -10.7% | -8.4% |
| CORN | 2021-11-08 | [November WASDE neutral to bullish for grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44005-november-wasde-neutral-to-bullish-for-grains-agweek-1-source-for-agriculture.md) | +5.9% | +8.0% |
| CORN | 2025-12-31 | [November 2025 DMC margin shrinks but no indemnity payments triggered \| Ag Proud](https://feedsoft.ai/events/9578-november-2025-dmc-margin-shrinks-but-no-indemnity-payments-triggered-ag-proud.md) | +0.6% | -1.1% |

## Sources

- swineweb.com: https://swineweb.com/cih-hog-margin-watch-november/

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