An economist told the Saskatchewan Pork Industry Symposium that hog supplies are forecast to be near year-ago levels, but higher living costs have weakened pork demand and pressured hog prices. He said consumers’ declining real disposable income is affecting pork demand domestically and internationally, and that stronger demand is needed to support the market.
With supplies broadly steady, weak consumer purchasing power is the main pressure on hog prices; a demand rebound could provide support, but without it prices may remain subdued.
After 17 past bearish macro events, Lean Hogs moved a median -1.0% over 5 sessions (35% higher; middle half -2.5% to +0.8%), and -1.6% 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.