Market Outlook

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

Report Summary

Pork/Hogs: The Quarterly Hogs and Pigs reported 2 percent more market hogs on June 1 than a year ago, with higher animal numbers—2 percent in 180 pounds and over and 2 percent in 120–179 pounds, concentrated in the two heaviest weight categories. The breeding herd was 3 percent lower than a year ago, with March–May farrowings slightly higher. A record-high litter rate increased the pig crop to 102 percent of a year ago. Third- and fourth-quarter 2024 pork production are each expected to be about 5 percent greater than a year ago, with prices averaging $63 per cwt for the third quarter and $53 for the fourth quarter. May pork exports were 6 percent lower than a year ago, likely due to weak demand and U.S. dollar appreciation in important export markets.

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