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 protein demand supports long-term trade in feed and meat.
March 15, 2026 05:00 AM
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China’s stricter inspection rules prompt Cargill to pause soybean exports from Brazil, briefly lifting U.S. soybean prices as traders anticipate potential shifts in global trade, as export demand remains supportive across all major U.S. commodities.
March 13, 2026 12:57 PM
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National Pork Producers Council incoming president Rob Brenneman shares insights from the National Pork Industry Forum in Kansas City, where producers gathered to discuss Farm Bill policy, sustainability, and other priorities for the year ahead.
March 10, 2026 01:44 PM
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USDA’s March WASDE report leaves U.S. corn, soybean and wheat ending stocks unchanged while adjusting global production estimates for South America.
March 10, 2026 01:01 PM
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Strong consumer demand supports livestock market outlook.
March 09, 2026 01:13 PM
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Strong corn demand and cotton shipments support export outlook.
March 07, 2026 05:00 AM
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