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USDA raises pork production forecast
The U.S. Department of Agriculture (USDA) has raised its expectations for U.S. pork production for 2026. This will likely be reflected in the global market.
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The USDA is raising its pork forecast to 12,80 million tons. This is approximately 335.700 tons more than the previous forecast. The adjustment is related to a larger pig population. The average price for finishers remains at $67 per hundredweight ($1,48 per kg).
This increase, in particular, is expected to impact the global market. Import expectations are being lowered, while the USDA, despite the significantly lower prices than was typical a few months ago, anticipates higher exports. This significantly increases global supply despite the already lower prices, potentially resulting in even lower global prices.