# Economists Forecast Hog Prices Following June USDA Quarterly Report - Pork Business

> Economists Kevin Grier, Lee Schulz and Tyler Cozzens gave quarterly hog price forecasts following the June 24 USDA Quarterly Hogs and Pigs Report. Forecasts for Q3 2021 ranged roughly from $90 to $97 per cwt, with prices declining into early 2022. Schulz said 2021 would average about $90 per cwt, the highest since 2014.

- Date: 2021-06-30 · published 2021-06-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/46730-economists-forecast-hog-prices-following-june-usda-quarterly-report-pork
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expectations of a seasonal decline in hog prices into late 2021 and early 2022 point to softer demand for feed ingredients as producers adjust, while the high 2021 average reflects tight supply.

## Read by commodity

- SBM: neutral
- CORN: neutral
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2025-06-30 | [Pork Supply Outlook Following the June USDA Hog Survey - Pork Checkoff](https://feedsoft.ai/events/24359-pork-supply-outlook-following-the-june-usda-hog-survey-pork-checkoff.md) | -4.5% | -3.1% |
| HOGS | 2020-02-12 | [Cattle, hog futures lower following USDA report - Brownfield Ag News](https://feedsoft.ai/events/54713-cattle-hog-futures-lower-following-usda-report-brownfield-ag-news.md) | +7.1% | +8.7% |
| HOGS | 2022-03-29 | [Hog futures lower ahead of Quarterly Hogs and Pigs report from the USDA - Brownfield Ag News](https://feedsoft.ai/events/7630-hog-futures-lower-ahead-of-quarterly-hogs-and-pigs-report-from-the-usda.md) | -4.1% | +0.7% |
| HOGS | 2024-12-27 | [Quarterly Hogs and Pigs Report Puts Pressure on 2025 Prices \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/27096-quarterly-hogs-and-pigs-report-puts-pressure-on-2025-prices-farm-bureau-intel.md) | -3.4% | -2.8% |
| HOGS | 2016-12-28 | [Hog prices fall on USDA report of unexpectedly large hog herd - AgCanada](https://feedsoft.ai/events/73604-hog-prices-fall-on-usda-report-of-unexpectedly-large-hog-herd-agcanada.md) | +0.2% | +8.4% |
| CORN | 2017-06-30 | [Hog Futures Extend Rally After Inventory Report \| Fox Business](https://feedsoft.ai/events/70644-hog-futures-extend-rally-after-inventory-report-fox-business.md) | +5.6% | +3.1% |
| CORN | 2021-06-29 | [Ag economist says Cattle on Feed report has some good news for cattle prices - Brownfield Ag News](https://feedsoft.ai/events/46711-ag-economist-says-cattle-on-feed-report-has-some-good-news-for-cattle-prices.md) | +5.0% | -9.0% |
| CORN | 2024-08-13 | [Despite lower production and inventory forecasts in the USDA report, wheat exchange prices fell](https://feedsoft.ai/events/28812-despite-lower-production-and-inventory-forecasts-in-the-usda-report-wheat.md) | -1.2% | +0.1% |

## Sources

- porkbusiness.com: https://www.porkbusiness.com/news/hog-production/economists-forecast-hog-prices-following-june-usda-quarterly-report

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