See the latest Livestock, Dairy, and Poultry Outlook report.
Pork/Hogs: Fourth-quarter pork production is lowered to about 7.1 billion pounds, based on assumptions of continued year-over-year lower average dressed weights. Fourth-quarter hog prices are lowered on weak pork demand relative to adequate hog supplies. Prices are expected to average $55 per hundredweight, more than 13 percent below prices a year ago. Total 2023 pork production is expected to be 27.2 billion pounds, about 1 percent above 2022 production. September pork exports were fractionally lower than a year ago on weak Asian demand. Exports for 2023 should total 6.7 billion pounds, more than 6 percent greater than shipments in 2022.