# Swine industry in survival mode

> Compeer Financial's Kent Bang describes the US swine industry in survival mode after months of weak lean hog prices, with no weekly Western Corn Belt average above $60 per cwt since August 2019. Packer capacity problems, excess market-ready pigs and COVID-19 slowdowns in the second quarter have weighed on prices. Record pork exports to China have had little noticeable effect on live hog prices.

- Date: 2020-07-15 · published 2020-07-15T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52252-swine-industry-in-survival-mode
- 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

Persistent losses and possible producer exits point to reduced hog herd growth ahead and lower feed demand from the US hog sector.

## Read by commodity

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

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/farming-business-management/swine-industry-in-survival-mode

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