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Rabobank's October Global Pork Quarterly warns of weakening global pork demand after disappointing third-quarter markets in North America, Europe and China. US pork cutout values are running 25% below year-ago levels, with belly prices down 39% to their lowest seasonal level since 2017.
Weaker pork demand and squeezed producer margins could lead farmers to cut next year's herd and hog numbers, reducing feed grain and meal demand over time.
ontariofarmer.comPostmedia NewsNov 3, 2026After 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.
