USDA Forecasts Boost in US Pork supplies and Strong Export Demand
USDA has forecast a 4% increase in US pork supply in 2024 / 2025 and a 7% increase in US pork exports in 2025.
| US Pork Supply (Million Pounds) | 2024/2023 | 2025/2024 | |||||
| Annual | 2021 | 2022 | 2023 | 2024 | 2025 | % Change | % Change |
| Beg Stock | 467 | 446 | 504 | 471 | 460 | ||
| Production | 27,690 | 27,009 | 27,316 | 28063 | 28,565 | 3% | 2% |
| Imports | 904 | 1,344 | 1,143 | 1188 | 1,230 | 4% | 4% |
| Exports | 7,026 | 6,338 | 6,818 | 7122 | 7,615 | 4% | 7% |
| End Stocks | 446 | 504 | 471 | 475 | 475 | 1% | 0% |
| Per Cap | 51.1 | 51.1 | 50.2 | 51.0 | 50.7 | 2% | -1% |
| Farm Price | $68 | $73 | $63 | $59 | $58 | -5% | -2% |
| USDA August 2024 Data | |||||||
Based on USDA data and past price trends, December 2024 lean hog futures would be expected to trade between $60 and $73 per Cwt. during the late summer-autumn period. USDA has forecast a modest decline in farm level hog prices in the fall of 2024 and in calendar year 2025.