# Why such low hog prices?

> 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.

- Date: 2026-10-27 · published 2026-10-29T06:13:33.184Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/595-why-such-low-hog-prices
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower forecast hog prices reduce producer returns and may slow herd expansion, weighing on demand for hog feed and meal over the coming years.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-09-26 | [Can U.S. sustain good hog prices?](https://feedsoft.ai/events/69091-can-u-s-sustain-good-hog-prices.md) | -1.2% | +11.2% |
| 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 | 2018-06-22 | [Why hog prices will be pressured in the second half: USDA](https://feedsoft.ai/events/64666-why-hog-prices-will-be-pressured-in-the-second-half-usda.md) | -0.2% | -12.9% |
| HOGS | 2020-04-06 | [Record pig herd and stymied demand hits hog prices](https://feedsoft.ai/events/53801-record-pig-herd-and-stymied-demand-hits-hog-prices.md) | -4.4% | +26.7% |
| HOGS | 2022-09-12 | [CME lean hog futures weaken, USDA lowers 2022 price outlook](https://feedsoft.ai/events/39741-cme-lean-hog-futures-weaken-usda-lowers-2022-price-outlook.md) | +1.7% | -2.8% |

## Sources

- nationalhogfarmer.com: https://www.nationalhogfarmer.com/market-news/why-such-low-hog-prices-

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