Loading…
StoneX economist Mike Castle says weak pork demand, not sharply higher production, is driving recent declines in lean hog futures. Current US pork output is near year-ago levels while hog prices have fallen significantly.
Softer grilling, deli and breakfast demand, along with inflation, changing diets and GLP-1 drug use, are cited as factors, and large fund net-short positions add pressure.
Weaker domestic and export demand for pork lowers hog prices and reduces the value of hog-based feed demand, so feed buyers should expect soft hog-side pressure until consumption improves. Brazil's growing export share and China's rebuilt herd add to the bearish demand picture.
rfdtv.comTony St. JamesNov 3, 2026Not enough comparable past events yet for a historical read.
Not 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.
