# Export Demand Offsets Large Pork Supply | Red River Farm Network

> The USDA September Hogs and Pigs report showed a hog inventory just over 79 million, up 1% from a year ago and down 1% from June. The breeding herd fell 1.5% while market hogs rose 1%. Analysts estimate 1.5 million hogs are backed up in the system due to COVID-19 plant slowdowns.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/51252-export-demand-offsets-large-pork-supply-red-river-farm-network
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Strong export demand is expected to offset ample supply, supporting hog prices in the fourth quarter despite the large herd and processing backlog.

## Read by commodity

- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-03-10 | [WASDE Predicts Increase in Wheat Stocks \| Red River Farm Network](https://feedsoft.ai/events/42244-wasde-predicts-increase-in-wheat-stocks-red-river-farm-network.md) | +1.0% | -0.2% |
| HOGS | 2026-03-27 | [Latest USDA ‘Hogs and Pigs’ Report Points to Limited Supply Growth - Pork Checkoff](https://feedsoft.ai/events/20320-latest-usda-hogs-and-pigs-report-points-to-limited-supply-growth-pork-checkoff.md) | -1.0% | +3.1% |
| HOGS | 2019-04-16 | [Export hopes offset record U.S. hog, pork production \| 2019-04-16  \| Food Business News](https://feedsoft.ai/events/7153-export-hopes-offset-record-u-s-hog-pork-production-2019-04-16-food-business-news.md) | +1.4% | -1.4% |
| 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 | 2021-09-27 | [Lean Hog and Pork Cutout Futures Surge After Hogs and Pigs Report - Pork Business](https://feedsoft.ai/events/45203-lean-hog-and-pork-cutout-futures-surge-after-hogs-and-pigs-report-pork-business.md) | +4.1% | -12.1% |

## Sources

- rrfn.com: https://www.rrfn.com/2020/09/25/export-demand-offsets-large-pork-supply/

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