See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Pork/Hogs: Pork production forecasts for 2025 and 2026 are unchanged from last month. Hog prices ticked up and are expected to average $67.40 per cwt in 2025 and $64 per cwt in 2026 because of strong consumer demand and higher prices of substitute animal proteins. Pork export forecasts for 2025 and 2026 are reduced because of increased export competition in key markets. Exports in 2025 are forecast at 6.95 billion pounds, down 2.3 percent from 2024, and 2026 exports are forecast at 7 billion pounds, 0.7 percent higher than 2025 forecasts.