
Kansas State economist Glynn Tonsor says US per capita red meat and poultry consumption reached 213 pounds in 2025 and is forecast to stay near that level in 2026 and 2027. Pork production is expected to keep rising through 2027 while pork has not shared fully in the demand growth.
Rising pork output without matching demand growth pressures hog prices and producer margins, which can slow feed purchases over time.
After 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.