# Lower Pork Prices Drive $138M Drop in Processor Operating Income

> Seaboard Corporation reported pork segment net sales down 13.67% year over year to $461 million for the quarter ended Oct. 3. Operating income swung to an $80 million loss, citing lower sales prices and a $51 million inventory adjustment.

- Date: 2026-11-04 · published 2026-11-04T21:07:01.570Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/80438-lower-pork-prices-drive-138m-drop-in-processor-operating-income
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Processor losses reflect weak pork prices and reduced hog-side margins, signaling lower pork demand that can weigh on hog prices and hog-finishing feed use.

## Read by commodity

- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -5.1% | -16.0% |
| HOGS | 2023-12-19 | [More hogs, soft demand driving lower Q4 hog prices](https://feedsoft.ai/events/32856-more-hogs-soft-demand-driving-lower-q4-hog-prices.md) | -1.7% | +1.5% |
| HOGS | 2024-03-13 | [US pork market update: production gains and lower pricing drive exports \| AHDB](https://feedsoft.ai/events/31348-us-pork-market-update-production-gains-and-lower-pricing-drive-exports-ahdb.md) | +1.1% | +6.3% |
| HOGS | 2018-04-17 | [China pork output jumps 2.1 percent in Q1, pressuring prices](https://feedsoft.ai/events/65489-china-pork-output-jumps-2-1-percent-in-q1-pressuring-prices.md) | +4.2% | +6.1% |
| HOGS | 2019-12-19 | [Pork processing spreads widen in November](https://feedsoft.ai/events/55721-pork-processing-spreads-widen-in-november.md) | +0.4% | -1.7% |

## Sources

- meatingplace.com: https://meatingplace.com/lower-pork-prices-drive-138m-drop-in-processor-operating-income/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.