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Hogs & Pork - Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Report Summary

Pork/Hogs: USDA’s June Quarterly Hogs and Pigs reported that June 1 breeding animal inventory was fractionally lower than a year ago, while the March-May pig crop was 1 percent greater than in March-May 2024. Record-high litter rates for the quarter and expected higher average dressed weights continue to offset lower sow numbers on the pork production side. Total commercial pork production in 2025 is forecast at 28 billion pounds, 0.9 percent higher than in 2024. In 2026, pork production is forecast at 28.5 billion pounds, 1.6 percent greater than production forecast for this year. Hog prices in 2025 are expected to average almost $69 per hundredweight (cwt), up 8.1 percent from a year ago, while 2026 prices are forecast lower, averaging almost $65 per cwt, down 5.6 percent from this year.