See the latest Livestock, Dairy, and Poultry Outlook report.
Report Summary
Pork/Hogs: January was characterized by higher pork production and strong pork demand. First-quarter production is raised 85 million pounds to 7.06 billion pounds, 1.5 percent above a year ago. Second-quarter production is lowered 25 million pounds to 6.84 billion pounds, 2 percent higher than a year ago, as supplies of slaughter-ready hogs tighten. Total 2026 pork production is forecast at 28 billion pounds, 2.5 percent higher than 2025 production. National producer-sold hog prices in the first quarter are expected to average $65 per cwt, 2.2 percent higher than a year ago. Second-quarter prices are forecast at $73 per cwt, 4.7 percent higher than in the second quarter of 2025. Third- and fourth-quarter prices are forecast at $75 per cwt, and $63 per cwt, respectively. Total 2026 pork exports are expected to be 7.135 billion pounds, 2.19 percent higher than shipments in 2025.