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US hog prices averaged $68.80/cwt liveweight in 2025, the highest since 2022. USDA forecasts average liveweight hog prices of $63.79/cwt for 2026 and $63/cwt for 2027, compared with $63.41 in 2024.
Lower forecast hog prices reduce producer returns and may slow herd expansion, weighing on demand for hog feed and meal over the coming years.
nationalhogfarmer.comOct 27, 2026After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
