# Record pig herd and stymied demand hits hog prices

> Hog futures fell to their lowest levels in more than 15 years after USDA data showed a record 77.6 million hogs as of March 1. April lean hog futures closed at 40.225 cents per pound, the lowest since 2002 for a spot contract. Analysts doubt consumer demand will absorb the large herd.

- Date: 2020-04-06 · published 2020-04-06T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/53801-record-pig-herd-and-stymied-demand-hits-hog-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

A record breeding herd combined with weaker demand from the pandemic creates a large supply overhang that pressures hog prices. Feed buyers may see reduced hog-related feed demand going forward.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-07-08 | [Record hog and pig inventory forcing prices lower - High Plains Journal](https://feedsoft.ai/events/64198-record-hog-and-pig-inventory-forcing-prices-lower-high-plains-journal.md) | -1.8% | -22.3% |
| HOGS | 2018-03-30 | [U.S. March hog herd hits record high - Grainews](https://feedsoft.ai/events/66141-u-s-march-hog-herd-hits-record-high-grainews.md) | -6.7% | +10.8% |
| HOGS | 2023-12-19 | [More hogs, soft demand driving lower Q4 hog prices](https://feedsoft.ai/events/32856-more-hogs-soft-demand-driving-lower-q4-hog-prices.md) | -1.7% | +1.5% |
| 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 | 2026-10-27 | [Why such low hog prices?](https://feedsoft.ai/events/595-why-such-low-hog-prices.md) | -5.8% | — |

## Sources

- meatingplace.com: https://meatingplace.com/record-pig-herd-and-stymied-demand-hits-hog-prices/

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