Pork Concept Stocks Rise in Afternoon as Breeding Sow Herd First Falls Below Normal Level, Capacity Reduction Advances

After 100 past bullish report events, HOGS moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.

• Jul 13, 2021U.S. livestock: Hog futures rise as pork production estimates cut - AgCanada-2.4%
• Nov 22, 2017Hog, Cattle Futures Bounce; Pork Belly Stocks Rise | Fox Business+2.8%
• Oct 24, 2022Chinese farmers reduce breeding herds | The Pig Site-1.9%
• Jan 26, 2021Report: Higher Wages, Input Costs, Supply Chain Problems Affecting Pork Prices, Not ‘Concentration’ - National Pork Producers Council+0.7%
• Aug 17, 2021China's Sow Herd Shrinks in July, First Decline in Almost 2 Years - Pork Business-3.0%

After 1,100 past bearish report events, CORN moved a median -0.2% over 5 sessions (48% higher; middle half -1.8% to +1.3%), and +0.0% over 20.

• Apr 14, 2026US corn stocks hit record high as global coarse grains production rises | Feed & Grain+2.3%
• Apr 18, 2021An Increase in Wheat Feeding to Hogs in China, as China’s First-Quarter Pork Production Rose | Farm Policy News | Illinois+6.1%
• Aug 1, 2019Brazil to have record-setting year for corn production thanks to rotational farming and other advances-3.0%
• Jun 11, 2026Report Reaction | Corn, wheat see higher global ending stocks despite production concerns - Pro Farmer+0.4%
• Apr 7, 2022Concerns Loom for Safrinha Corn Production in Brazil After Good Start-1.1%

After 399 past bearish report events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.

• Jan 12, 2018Corn Yield and Soybean Production Up in 2017, USDA Reports - Winter Wheat Seedings and Grain Stocks also reported+7.1%
• Feb 8, 2019Soybean Production Up in 2018, USDA Reports Winter Wheat Seedings and Grain Stocks also reported0.0%
• Sep 22, 2017Pork imports slow in China as domestic pork production rebounds-0.7%
• Mar 10, 2020World soy stocks to swell as Brazil, Argentina harvest prospects rise | Financial Post-0.1%
• Oct 18, 2021China posts highest Q3 pork output in three years as herd recovers | Financial Post+2.5%