Weaker demand raises uncertainty for 2027 global pork outlook

After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.

• Aug 2, 2023Rabobank anticipates weaker global pork trade-1.3%
• Oct 27, 2023Bright spots, uncertain trends forecast in global pork markets+2.9%
• Sep 12, 2022CME lean hog futures weaken, USDA lowers 2022 price outlook+1.7%
• Jul 23, 2020Rabobank: Global pork production under pandemic pressure | 2020-07-23 | MEAT+POULTRY+2.2%
• Aug 22, 2024Softer demand for U.S. pork expected to persist+2.9%

After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Oct 6, 2025Record U.S. Grain Harvest Collides with Storage Crunch, Weak Soybean Demand, and Trade Uncertainty - AgriBusiness Global-0.1%
• Nov 6, 2025Grain and Biofuels Outlook: Record Fall Harvest Arrives Amidst Trade Uncertainty, Strong Biofuel Demand+0.9%
• Jul 12, 2022Losses deepen after USDA raises supply outlook, trims some demand | Financial Post-13.6%
• Dec 5, 2024Corn and soybean elevator outlook: Strong dollar and policy uncertainty cloud outlook for demand | CoBank | Cooperative. Connected. Committed.+4.3%
• Jun 25, 2026IGC revises 2026-27 global grain output higher | World Grain-1.9%

After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Sep 22, 2021Concerns for Europe, Southeast Asia temper positive global poultry outlook | MEAT+POULTRY-0.2%
• Apr 13, 2026Crush Demand Drives Soy Complex Higher as USDA Raises Price Outlook - American Soybean Association+0.7%
• Jul 5, 2023Poultry industry outlook: positive prospects amid avian influenza uncertainty - Poultry News+0.6%
• Jun 13, 2024Food Outlook - Biannual Report on Global Food Markets, June 2024 - World | ReliefWeb-0.9%
• Dec 11, 2023USDA experts raised forecasts for global production of edible oils and meals-3.5%