# Pork producers expected to respond to high international prices

> USDA's Livestock, Dairy & Poultry Outlook forecasts U.S. pork production rising 3.5% in 2020 to about 28.3 billion lb as producers respond to higher international prices from Chinese hog losses to African swine fever. Lean hog prices are forecast to average about $60/cwt in 2020, more than 10% above 2019 forecasts.

- Date: 2019-05-23 · published 2019-05-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/59213-pork-producers-expected-to-respond-to-high-international-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expansion in pork output could cap the upside in hog prices later, though strong export demand from China's shortfall supports prices near term.

## Read by commodity

- SBM: neutral
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-01-26 | [Report: Higher Wages, Input Costs, Supply Chain Problems Affecting Pork Prices, Not ‘Concentration’ - National Pork Producers Council](https://feedsoft.ai/events/49304-report-higher-wages-input-costs-supply-chain-problems-affecting-pork-prices-not.md) | +0.7% | +17.8% |
| HOGS | 2024-02-16 | [Tight Supplies Expected to Boost Cattle and Hog Prices in 2024](https://feedsoft.ai/events/31615-tight-supplies-expected-to-boost-cattle-and-hog-prices-in-2024.md) | +3.9% | +4.0% |
| HOGS | 2025-03-18 | [China's pig production expected to grow marginally in 2025](https://feedsoft.ai/events/25575-china-s-pig-production-expected-to-grow-marginally-in-2025.md) | -1.6% | -3.0% |
| HOGS | 2024-03-19 | [Increased pork demand raises hog prices](https://feedsoft.ai/events/31347-increased-pork-demand-raises-hog-prices.md) | -0.6% | +8.4% |
| HOGS | 2022-01-26 | [NPPC: Current economic factors have led to higher pork prices, not industry concentration \| MEAT+POULTRY](https://feedsoft.ai/events/43290-nppc-current-economic-factors-have-led-to-higher-pork-prices-not-industry.md) | +2.5% | +24.2% |
| SBM | 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) | -1.8% | -1.2% |
| SBM | 2025-03-18 | [China's pig production expected to grow marginally in 2025](https://feedsoft.ai/events/25575-china-s-pig-production-expected-to-grow-marginally-in-2025.md) | -1.7% | -1.0% |
| SBM | 2025-02-28 | [Prices face pressure as larger U.S. crops expected this year \| The Western Producer](https://feedsoft.ai/events/26080-prices-face-pressure-as-larger-u-s-crops-expected-this-year-the-western-producer.md) | +1.7% | +1.5% |

## Sources

- feedstuffs.com: https://www.feedstuffs.com/livestock-and-poultry-market-news/pork-producers-expected-to-respond-to-high-global-prices

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