# Pork slump worsens as high gas prices curb road trip pit stops |  BusinessMirror

> Smithfield Foods said high fuel costs, which have surged since the start of the war in Iran, weighed on its quarterly pork sales. The company cited persistent inflation and high gas prices pressuring US consumers.

- Date: 2026-11-01 · published 2026-11-01T12:07:27.945Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/8856-pork-slump-worsens-as-high-gas-prices-curb-road-trip-pit-stops-businessmirror
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker US consumer demand for pork, driven by costly gasoline curbing road-trip purchases, points to softer hog prices and lower demand for feed grains used in pork production.

## Read by commodity

- WTI: bullish ▲
- HOGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2017-03-28 | [Pork and beans could take brunt of China-U.S. trade dispute](https://feedsoft.ai/events/71849-pork-and-beans-could-take-brunt-of-china-u-s-trade-dispute.md) | -2.3% | -6.2% |
| HOGS | 2022-04-25 | [China Lockdown Angst Rips Through Markets; CSI 300 Stocks, Yuan (CNY/USD) Plunge - Bloomberg](https://feedsoft.ai/events/7338-china-lockdown-angst-rips-through-markets-csi-300-stocks-yuan-cny-usd-plunge.md) | -5.4% | -1.6% |
| HOGS | 2020-05-29 | [CME update: lean hog futures slide amid diplomatic tensions between the US and China
						 \| The Pig Site](https://feedsoft.ai/events/53265-cme-update-lean-hog-futures-slide-amid-diplomatic-tensions-between-the-us-and.md) | -12.3% | -19.6% |
| HOGS | 2017-01-26 | [Peso falls to session lows after meeting between US and Mexico presidents falls through](https://feedsoft.ai/events/73207-peso-falls-to-session-lows-after-meeting-between-us-and-mexico-presidents-falls.md) | +2.5% | +6.2% |
| HOGS | 2019-06-06 | [Canada frets about potential Chinese crackdown on more exports, mulls Xi meeting](https://feedsoft.ai/events/58582-canada-frets-about-potential-chinese-crackdown-on-more-exports-mulls-xi-meeting.md) | -1.3% | -7.3% |
| WTI | 2020-06-08 | [Oil prices top $40 as OPEC+ extends production cuts \| Fox Business](https://feedsoft.ai/events/52796-oil-prices-top-40-as-opec-extends-production-cuts-fox-business.md) | -8.3% | +2.6% |
| WTI | 2025-06-13 | [Gas prices: What the Israel-Iran conflict means for your summer driving season \| CNN Business](https://feedsoft.ai/events/7763-gas-prices-what-the-israel-iran-conflict-means-for-your-summer-driving-season.md) | +10.2% | +1.1% |
| WTI | 2026-03-02 | [Dollar (USD) Gains as Higher Oil Prices Damp Bets on Fed Rate Cuts - Bloomberg](https://feedsoft.ai/events/10711-dollar-usd-gains-as-higher-oil-prices-damp-bets-on-fed-rate-cuts-bloomberg.md) | +35.6% | +50.4% |

## Sources

- businessmirror.com.ph: https://businessmirror.com.ph/2026/10/28/pork-slump-worsens-as-high-gas-prices-curb-road-trip-pit-stops/

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