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.
Federal nutrition policy is signaling a stronger demand for whole foods produced by U.S. farmers and ranchers. Consumer-facing guidance favors animal protein, but institutional demand may change little under existing saturated fat limits.
January 08, 2026 11:42 AM
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The U.S. Meat Export Federation plans to expand its global market presence in the New Year and says it is focusing its appeal on the growing middle class worldwide.
January 06, 2026 12:21 PM
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Pork producers warn that proposed definitions of “ultra-processed” food in guidelines from the “Make America Healthy Again” plan could negatively impact industry-standard bacon, sausage, and feed practices.
December 22, 2025 01:38 PM
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December 18, 2025 11:03 AM
China’s pullback is hitting core U.S. commodities hard, reshaping export expectations for soybeans, cotton, grains, and livestock.
December 16, 2025 07:00 AM
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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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