# The US has so many fat pigs that pork prices are at decade low | FMT

> US wholesale pork prices are at their lowest seasonal level in a decade as the hog herd reached its highest since 1943, per USDA data cited in the report. Hog futures had their biggest monthly loss in almost a year in June, and China's ban on Canadian meat after forged health certificates could add North American supply.

- Date: 2019-06-29 · published 2019-06-29T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/58747-the-us-has-so-many-fat-pigs-that-pork-prices-are-at-decade-low-fmt
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Excess US hog supply and weak pork cuts-out point to continued pressure on hog futures, while rising domestic pork consumption offers partial offset. Cheap feed encouraging heavier hogs adds to the supply glut.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-07-19 | [Higher US Hog Numbers Expected to Result in Lower Market Prices
						 \| The Pig Site](https://feedsoft.ai/events/4731-higher-us-hog-numbers-expected-to-result-in-lower-market-prices-the-pig-site.md) | -0.8% | -10.2% |
| HOGS | 2023-07-17 | [China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business](https://feedsoft.ai/events/35027-china-s-q2-pork-output-highest-for-the-period-in-at-least-a-decade-pork-business.md) | +0.3% | +0.7% |
| HOGS | 2023-12-14 | [Demand remains a primary challenge that could impact the U.S. pork market in 2024](https://feedsoft.ai/events/32860-demand-remains-a-primary-challenge-that-could-impact-the-u-s-pork-market-in-2024.md) | +1.4% | +2.1% |
| HOGS | 2020-11-11 | [CME update: lean hog futures weaken as corn prices surge
						 \| The Pig Site](https://feedsoft.ai/events/50300-cme-update-lean-hog-futures-weaken-as-corn-prices-surge-the-pig-site.md) | -0.6% | -3.0% |
| CORN | 2025-07-11 | [Grain Markets Tank on Weather, Fade the WASDE: How Low Could Prices Fall? - AgWeb](https://feedsoft.ai/events/11928-grain-markets-tank-on-weather-fade-the-wasde-how-low-could-prices-fall-agweb.md) | -0.7% | -1.5% |
| CORN | 2023-07-17 | [China's Q2 Pork Output Highest for the Period in at Least a Decade - Pork Business](https://feedsoft.ai/events/35027-china-s-q2-pork-output-highest-for-the-period-in-at-least-a-decade-pork-business.md) | -8.6% | -12.6% |
| CORN | 2023-09-19 | [More Corn Acres and the Prospect of Large Stocks and Low Prices - farmdoc daily](https://feedsoft.ai/events/7187-more-corn-acres-and-the-prospect-of-large-stocks-and-low-prices-farmdoc-daily.md) | +1.0% | +1.6% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2019/06/29/the-us-has-so-many-fat-pigs-that-pork-prices-are-at-decade-low

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