While America’s ranchers work to rebuild the cattle herd, economists say something is brewing with hogs.
New data shows the U.S. hog herd could be ready to expand. They have been crunching the numbers and say feed costs are the largest indicator right now.
“The hog-to-corn price ratio just rounds up to 20 for the last two quarters. Last Friday’s closing prices for the same month’s hog and corn futures contracts suggest ratios exceeding 27 in July and 20 in December 2025, and remaining above 20 in May 2026. If such levels persist, perhaps some breeding herd growth could be observed in subsequent quarterly reports,” said Jason Franken.
Franken has been studying these numbers for a while now. He says that if those levels keep up, future reports could show breeding herd growth down the line.
Rising beef supplies and lower cattle prices, weaker hog markets, and softening dairy prices will shape producer margins heading into 2026.
December 11, 2025 01:32 PM
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Farm Journal Foundation Senior Policy Adviser Dr. Stephanie Mercier outlines new research on the top sixteen biosecurity threats in agriculture/
December 10, 2025 01:05 PM
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While the 2018 Farm Bill received an extension under the “One, Big, Beautiful Bill” Act, the National Pork Producers Council wants lawmakers to do more to support the sector.
December 04, 2025 11:27 AM
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Tight cattle supplies continue to drive lower beef output despite heavier weights.
December 04, 2025 05:00 AM
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Cattle and hog supplies continue to tighten while dairy output expands, creating a split outlook in which red-meat prices soften and milk values come under pressure from larger supplies.
November 18, 2025 03:02 PM
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National Pork Board Chief Sustainability Officer Jamie Burr shares a closer look at the Pork Checkoff’s Pork Cares Farm Impact Report, a research program to increase trust in the pork supply chain.
November 17, 2025 02:03 PM
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While agriculture doesn’t predict every recession, the sector’s long history of turning down before the broader economy
November 16, 2025 12:00 PM
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USMEF’s Jay Theiler discusses his leadership role in representing U.S. beef and pork and provides an update on this week’s conference in Indianapolis.
November 14, 2025 03:36 PM
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Manure from a hog farm is more than just waste; it is also becoming a key renewable resource for operations.
November 14, 2025 02:53 PM
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