Market Outlook

See the latest Livestock, Dairy, and Poultry Outlook report.

Report Summary

Pork/Hogs: Second-quarter pork production was adjusted upward by 40 million pounds to 6.730 billion pounds on expectations of higher average dressed weights and higher-than-expected ready-to-slaughter hogs from the December–February pig crop. Second-quarter hog prices were lowered $2 per hundredweight (cwt) to $66 per cwt, about 16 percent below prices a year ago. Third-quarter hog prices were lowered $3 to $68 per cwt. U.S. pork exports for 2024 were increased 100 million pounds to 7.362 billion pounds, about 8 percent higher than shipments in 2023, as Europe’s share in the world's pork export markets continues to diminish.

Livestock, Dairy, and Poultry Outlook: June 2024 Feed Outlook: June 2024 Livestock, Dairy, and Poultry Outlook: May 2024 Feed Outlook: May 2024 Livestock, Dairy, and Poultry Outlook: April 2024

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Study Links Federally Declared Weather Disasters to Reductions in U.S. Pork Processing Demand Factors Key To Measuring Trade Impacts of Country of Origin Labeling African Swine Fever Shrinks Pork Production in China, Swells Demand for Imported Pork U.S. Beef and Pork Consumption Projected To Rebound Restrictions on Antibiotic Use for Production Purposes in U.S. Livestock Industries Likely To Have Small Effects on Prices and Quantities

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Livestock and Meat Domestic Data Livestock and Meat International Trade Data Meat Price Spreads Feed Grains Database Foreign Agricultural Trade of the United States (FATUS)

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Agricultural Baseline Animal Products Animal Policy & Regulatory Issues Corn and Other Feed Grains Commodity Outlook

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