09/05/2026
Hog markets are facing some headwinds. Weekly hog kills have been running about 2.5% below year-ago levels since early July, but prices have continued to decline as seasonal pressure and lackluster demand weigh on the market.
A few things we’re watching:
➡️ Pork cutout values are down roughly 15–20% from a year ago
➡️ Ham, picnic and belly inventories have increased
➡️ Higher corn and soybean meal prices are narrowing producer margins
➡️ Pork remains competitively priced against beef, but we haven’t seen significant consumer switching
➡️ PRRS continues to be a concern heading into fall
With margins tightening and plenty of moving pieces in the market, staying engaged with your marketing and risk management strategy is more important than ever.
Our commodities team is here to help you navigate the market and make informed decisions for your operation.