Sample data showed breeding sow inventories at 8.32 million head in October, down 8.21% year on year, as persistent losses prompt culling. Hog prices showed signs of stabilizing, with seasonal stocking supporting the market.
Brokers expect 2027 pork output to fall about 5% and average hog prices to rise about 30%.
A shrinking sow herd signals lower pork output ahead, which should support hog prices and eventually reduce demand for feed ingredients. The effect on feed grains and meals is gradual, so the market impact is modest in the near term.
Not 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.