# Higher US Hog Numbers Expected to Result in Lower Market Prices
						 | The Pig Site

> The USDA Quarterly Hogs and Pigs Report for June 2017 showed US market hog numbers rising about 4% over the next four months, with the breeding herd up about 1.5%, in line with expectations. The report prompted the large discount in lean hog futures to cash prices.

- Date: 2017-07-19 · published 2017-07-19T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/4731-higher-us-hog-numbers-expected-to-result-in-lower-market-prices-the-pig-site
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A roughly 4% increase in market hog supplies, well above the typical 1.5% annual growth, signals lower hog prices ahead, with Canadian prices also tracking US levels. The expected supply expansion is the main bearish driver for hog values.

## Read by commodity

- CORN: neutral
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-03-15 | [USDA GAIN Report: China pig production to exceed 2021 levels, prices remain low in 2022
						 \| The Pig Site](https://feedsoft.ai/events/42292-usda-gain-report-china-pig-production-to-exceed-2021-levels-prices-remain-low.md) | -0.1% | -1.9% |
| HOGS | 2017-01-06 | [More market hogs expected in 2017](https://feedsoft.ai/events/73128-more-market-hogs-expected-in-2017.md) | +3.4% | +11.8% |
| HOGS | 2019-06-28 | [US lean hogs rally and USDA expand herd
						 \| The Pig Site](https://feedsoft.ai/events/58741-us-lean-hogs-rally-and-usda-expand-herd-the-pig-site.md) | -3.1% | +10.4% |
| HOGS | 2019-08-22 | [High hog supplies weigh on cash hog and pork values in US
						 \| The Pig Site](https://feedsoft.ai/events/57725-high-hog-supplies-weigh-on-cash-hog-and-pork-values-in-us-the-pig-site.md) | -2.6% | -10.9% |
| HOGS | 2020-03-30 | [More market hogs than expected, fewer breeding](https://feedsoft.ai/events/54293-more-market-hogs-than-expected-fewer-breeding.md) | -20.8% | -13.7% |
| CORN | 2021-12-15 | [Higher grain prices expected in 2022 \| Capital Press](https://feedsoft.ai/events/43671-higher-grain-prices-expected-in-2022-capital-press.md) | -3.5% | +1.2% |
| CORN | 2022-05-12 | [Corn, Soybean Production Numbers as Expected in May USDA Report](https://feedsoft.ai/events/41348-corn-soybean-production-numbers-as-expected-in-may-usda-report.md) | -0.3% | -0.9% |
| CORN | 2023-03-07 | [China pork production expected to rise slightly in 2023 - GAIN report
						 \| The Pig Site](https://feedsoft.ai/events/36848-china-pork-production-expected-to-rise-slightly-in-2023-gain-report-the-pig-site.md) | -2.1% | -0.5% |

## Sources

- thepigsite.com: https://www.thepigsite.com/news/2017/07/higher-us-hog-numbers-expected-to-result-in-lower-market-prices-1

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