# US Pork Cutout Falls 25% as Rabobank Warns of Continued Market Pressure

> Rabobank's October Global Pork Quarterly Q4 2026 report says weakening global pork demand and falling prices could push the industry to reconsider 2027 production plans. US pork cutout values ran 25% below year-ago levels, with belly prices down 39% to their lowest seasonal levels since 2017 and ham prices down 19%. Rabobank cited reduced foodservice demand, limited retail promotions and inflation pressures on consumers, and US pork exports fell 6.7% in August year over year.

- Date: 2026-11-02 · published 2026-11-02T06:07:06.749Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/74887-us-pork-cutout-falls-25-as-rabobank-warns-of-continued-market-pressure
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Lower pork cutout values and weaker export demand reduce packer margins and hog values, which weighs on lean hog prices and reduces demand for pork-side inputs in the feed chain.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-04-14 | [Rabobank: Global economics to affect pork market, costs \| MEAT+POULTRY](https://feedsoft.ai/events/41978-rabobank-global-economics-to-affect-pork-market-costs-meat-poultry.md) | +7.6% | +1.6% |
| HOGS | 2020-07-23 | [Rabobank: Global pork production under pandemic pressure \| 2020-07-23  \| MEAT+POULTRY](https://feedsoft.ai/events/52128-rabobank-global-pork-production-under-pandemic-pressure-2020-07-23-meat-poultry.md) | +2.2% | +2.2% |
| HOGS | 2026-07-27 | [Chicken Surplus Pressures Broiler Prices as Pork Output Beats Forecasts](https://feedsoft.ai/events/18504-chicken-surplus-pressures-broiler-prices-as-pork-output-beats-forecasts.md) | -1.9% | -12.8% |
| HOGS | 2021-08-02 | [Rabobank: China’s hog prices to affect global markets \| Feed Strategy](https://feedsoft.ai/events/45566-rabobank-china-s-hog-prices-to-affect-global-markets-feed-strategy.md) | +0.8% | -10.9% |
| HOGS | 2024-07-29 | [McKean Swine Disease Conference: US pork market outlook
						 \| The Pig Site](https://feedsoft.ai/events/29430-mckean-swine-disease-conference-us-pork-market-outlook-the-pig-site.md) | +0.0% | -9.8% |

## Sources

- meatingplace.com: https://meatingplace.com/us-pork-cutout-falls-25-as-rabobank-warns-of-continued-market-pressure/

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