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The USDA’s latest World Agricultural Supply and Demand Estimates report offers detailed insights into the pork and hog markets for 2024 and 2025.
Pork Production:
- 2024: Pork production is forecasted to increase due to higher weights in the second half of the year.
- 2025: Production is also expected to rise, reflecting producers’ farrowing intentions for the latter half of 2024 and moderate growth in the pig crop in the first half of 2025.
Pork Exports:
- 2024: Exports are lowered based on recent trade data.
- 2025: No changes are anticipated from previous forecasts.
Hog Prices:
- 2024: Forecasts indicate a decline in hog prices, influenced by recent price trends.
- 2025: Lower prices are expected to continue into 2025.
These projections reflect a combination of increased production capacity and market adjustments based on current data and trends within the pork industry. The report emphasizes the importance of monitoring these factors as they impact both domestic production and international trade dynamics.
Stay informed with Swine Web for ongoing updates and detailed analysis on the pork and hog markets.