USDA Analysts Forecast Higher Hog Prices Ahead

A month ago, the USDA estimated market hogs would sell for an average of $37 per 100 pounds during October, November, and December, compared with the current estimate of $51. The trend of higher prices will extend into early 2021 due to a pinch in pork output because fewer hogs will be available. “First-quarter 2021 hog prices are expect to averaged $47 per (100 pounds), almost 11% greater than a year ago.” Read more here.