
A InterPIG network survey of 2025 pig production costs ranked Mato Grosso first for lowest live-hog production cost, followed by Ukraine, Santa Catarina, the US and Canada. Results were presented at the group's annual meeting in Carlow, Ireland, in July.
Lower production costs in Brazilian and Ukrainian hog operations sustain competitiveness in pork exports, which can weigh on global pork prices and feed demand for corn and soymeal in the long run.
After 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.