# Lower Slaughter Numbers Drive Pork Prices Higher - Pork Business

> USDA's Economic Research Service forecasts 2022 pork production down 2.2% from a year earlier, with hog prices averaging about $74/cwt, nearly 10% above 2021. Lower federally inspected slaughter has been the main driver of 2022 hog and pork prices, and exports are forecast to fall 6.4% due to reduced Chinese purchases and a stronger dollar.

- Date: 2022-08-19 · published 2022-08-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/40186-lower-slaughter-numbers-drive-pork-prices-higher-pork-business
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tighter hog supply supports hog and pork prices through 2022, while reduced export volumes and a strong dollar limit demand for US pork.

## Read by commodity

- DXY: bullish ▲
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-05-12 | [6 Issues Driving Global Hog Prices - Pork Business](https://feedsoft.ai/events/47253-6-issues-driving-global-hog-prices-pork-business.md) | -0.5% | +7.6% |
| HOGS | 2025-07-29 | [Lower Slaughter, Freezer Stocks Underpin Pork Prices in the Near Term - Pork Checkoff](https://feedsoft.ai/events/23902-lower-slaughter-freezer-stocks-underpin-pork-prices-in-the-near-term-pork.md) | -0.3% | -9.8% |
| HOGS | 2022-12-13 | [Processors’ Pinched: Paying Up For Live Hogs, Wholesale Prices Decline - Pork Business](https://feedsoft.ai/events/38369-processors-pinched-paying-up-for-live-hogs-wholesale-prices-decline-pork.md) | +2.0% | -3.6% |
| HOGS | 2024-10-28 | [Hog slaughter lower than expected](https://feedsoft.ai/events/28003-hog-slaughter-lower-than-expected.md) | +4.3% | +1.7% |
| HOGS | 2023-06-21 | [Lower dressed weights bring Q2 pork production down](https://feedsoft.ai/events/35641-lower-dressed-weights-bring-q2-pork-production-down.md) | +0.6% | +7.7% |
| DXY | 2023-02-06 | [Australia, NZ dollars nurse heavy losses after hot U.S. jobs data; RBA next up - Markets - Business Recorder](https://feedsoft.ai/events/37591-australia-nz-dollars-nurse-heavy-losses-after-hot-u-s-jobs-data-rba-next-up.md) | +0.5% | +0.8% |
| DXY | 2019-11-20 | [Federal Reserve members unanimously reject negative interest rates: minutes - The Business Times](https://feedsoft.ai/events/55965-federal-reserve-members-unanimously-reject-negative-interest-rates-minutes-the.md) | +0.4% | -0.8% |
| DXY | 2022-02-10 | [Sterling steady - Business & Finance - Business Recorder](https://feedsoft.ai/events/42946-sterling-steady-business-and-finance-business-recorder.md) | -0.1% | +1.7% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/hog-production/lower-slaughter-numbers-drive-pork-prices-higher

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