# Hog Market – LACO Commodity Research

> USDA estimated US market hog inventory on December 1, 2019 at almost 71 million head, above the prior year and the 40-year trend. Pork export demand is at an all-time high due to African swine fever in China, and a price model projects about $55/cwt for early 2020.

- Date: 2020-01-02 · published 2020-01-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55228-hog-market-laco-commodity-research
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A large hog inventory supports greater feed demand from the hog sector, but heavy supply may cap hog prices and futures rallies.

## Read by commodity

- CORN: bullish ▲
- HOGS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2026-03-30 | [March 30 — Market Vision, Inc.](https://feedsoft.ai/events/20324-march-30-market-vision-inc.md) | -1.0% | +2.4% |
| HOGS | 2023-01-27 | [Livestock market outlook overview \| TSLN.com](https://feedsoft.ai/events/37924-livestock-market-outlook-overview-tsln-com.md) | -1.2% | +9.2% |
| HOGS | 2023-07-28 | [CoBank details pork market challenges \| MEAT+POULTRY](https://feedsoft.ai/events/35178-cobank-details-pork-market-challenges-meat-poultry.md) | -0.4% | -15.6% |
| HOGS | 2026-01-16 | [eFeedLink - China hog market: Sow inventory stays high, lower piglet output projection in Q1 2026](https://feedsoft.ai/events/21049-efeedlink-china-hog-market-sow-inventory-stays-high-lower-piglet-output.md) | +1.6% | +2.5% |
| HOGS | 2022-11-14 | [The mystery of the CME Lean Hog Index](https://feedsoft.ai/events/38835-the-mystery-of-the-cme-lean-hog-index.md) | -0.6% | -4.8% |
| CORN | 2022-03-14 | [Oil Market Report - March 2022 - IEA](https://feedsoft.ai/events/5992-oil-market-report-march-2022-iea.md) | +1.1% | +10.2% |
| CORN | 2021-01-14 | [Market Check - Market Check](https://feedsoft.ai/events/49217-market-check-market-check.md) | +0.7% | +4.0% |
| CORN | 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) | +2.3% | +3.1% |

## Sources

- lacocommodities.com: https://lacocommodities.com/35-2/

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