See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Pork/Hogs: New information in the December 2024 Quarterly Hogs and Pigs report prompted an increase in projected 2025 pork production of 140 million pounds, based largely on revised 2024 farrowings and 2025 producer farrowing intentions. Total 2025 commercial pork production is forecast at 28.5 billion pounds, 2.6 percent greater than 2024 production. Hog prices in 2025 are expected to average $63.25 per cwt, 2.7 percent higher than prices in 2024. Processors paying higher prices for greater numbers of hogs to produce larger volumes of pork suggests continued-strong consumer pork demand in 2025.