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Pork prices have fallen sharply in recent weeks on seasonally rising supplies, weak demand across the pork chain, and processors' reluctance to build inventories. Packer gross margins were about $30 per head last week, $5 lower than the prior week and 17% below a year earlier.
Thin packer margins and weak wholesale pork prices pressure the CME lean hog index and hog prices into early 2027. Lower hog values reduce producers' incentive to keep herds, which weighs on hog-feed demand, while buyers can lock in cheap needs.
porkcheckoff.orgNov 2, 2026Not enough comparable past events yet for a historical read.
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.
