# Pork processing spreads widen in November

> USDA reported that the November 2019 gross pork processor spread averaged about $68 per hog, almost 79% above November 2018. Seasonally large hog supplies weighed on live prices while strong demand for hams and picnics lifted product values.

- Date: 2019-12-19 · published 2019-12-19T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/55721-pork-processing-spreads-widen-in-november
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Wide packer margins signal that pork product demand is outpacing hog supply, and USDA expects spreads to stay above year-ago levels, though large supplies will pressure hog prices.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-12-24 | [A Surprise in the December Hogs and Pigs Report: Breeding Herd Increases - Pork Business](https://feedsoft.ai/events/38373-a-surprise-in-the-december-hogs-and-pigs-report-breeding-herd-increases-pork.md) | -0.2% | -8.2% |
| HOGS | 2020-07-28 | [U.S. a bright spot in pork production — but those prices ...](https://feedsoft.ai/events/52247-u-s-a-bright-spot-in-pork-production-but-those-prices.md) | -3.1% | +3.0% |
| HOGS | 2018-04-17 | [China pork output jumps 2.1 percent in Q1, pressuring prices](https://feedsoft.ai/events/65489-china-pork-output-jumps-2-1-percent-in-q1-pressuring-prices.md) | +4.2% | +6.1% |
| HOGS | 2017-10-25 | [Pork: World Markets and Trade - ASPROCER](https://feedsoft.ai/events/68443-pork-world-markets-and-trade-asprocer.md) | +4.7% | -3.8% |
| HOGS | 2017-10-30 | [Steady growth in pork production brings trade into sharper focus - Pig World](https://feedsoft.ai/events/68444-steady-growth-in-pork-production-brings-trade-into-sharper-focus-pig-world.md) | +0.6% | -3.4% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/livestock-and-poultry-market-news/pork-processing-spreads-widen-in-november

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