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Farrow-to-finish producer margins kept eroding last week as the West Corn Belt lean carcass price fell $7/cwt to an average of $59.62/cwt, leaving an estimated average loss of $14.56/head versus a $41.42/head profit a year earlier. Weekly hog slaughter held at about 2.6 million head with plant utilization near 98%, while packer margins improved to $16.82/head from $11.39/head.
Heavy hog supplies and near-full packer capacity are pressuring producer returns and pushing pig marketings lower, which weighs on feed demand from hog operations. Improving packer margins signal processors are buying cheaper hogs, which supports slaughter volumes but does not offset weak live hog prices.
porkbusiness.comNov 4, 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.
