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The article discusses the factors that influence market hog prices in the United States, including supply and demand dynamics, feed costs, trade policies, and consumer preferences. It also highlights the impact of diseases and seasonal variations on prices, emphasizing the need for producers to monitor market trends and adapt their strategies accordingly.
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Lean Hogs rose to 109.41 USd/Lbs on July 2, 2025, up 0.38% from the previous day. Over the past month, Lean Hogs's price has risen 9.16%, and is up 22.08% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lean Hogs - values, historical data, forecasts and news - updated on July of 2025.
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Historical Manitoba market hog prices and the United States (US) ISO weaner and feeder hog sectors presented in interactive tables.These interactive charts illustrate prices paid for market hogs in Manitoba and iso-wean and feeder pigs in the United States (U.S.) for the last ten years. The prices can be displayed by week or by month for one or more years. For hog price report definitions and calculations, click here. Manitoba market hog prices are collected from major processors in Manitoba, compiled and released weekly by Manitoba Agriculture and Resource Development (ARD). Manitoba market hog prices are weighted by the volume of hogs processed, and averaged monthly. United States (U.S.) iso-wean and feeder pig prices are sourced from the United States Department of Agriculture (USDA) and presented in Canadian dollars (C$) using the Bank of Canada exchange rate. Monthly U.S. iso-wean and feeder pig prices are a simple average of the weekly U.S. total composite weighted average prices.
This table contains weekly and monthly prices paid for market hogs in Manitoba and iso-wean and feeder pigs in United States (U.S.) in current and previous years, as well as average prices for five and 10 previous years.
For hog price report definitions and calculations, click here. Manitoba market hog prices are collected from major processors in Manitoba, compiled and released weekly by Manitoba Agriculture and Resource Development (ARD). Manitoba market hog prices are weighted by the volume of hogs processed, and averaged monthly. United States (U.S.) iso-wean and feeder pig prices are sourced from the United States Department of Agriculture (USDA) and presented in Canadian dollars (C$) using the Bank of Canada exchange rate. Monthly U.S. iso-wean and feeder pig prices are a simple average of the weekly U.S. total composite weighted average prices. Average five and 10-year prices are calculated as simple averages of weekly or monthly prices.Fields included (Alias (Field name): Field description.)
Period (Period): period of time to be presented on charts from the selection of Monthly and Weekly; ;
PeriodNo (PeriodNo): serial number of period (1-12 for monthly presentation, 1-52 for weekly presentation);
Hog category (Hog category): category of animals from the selection of U.S. feeder pigs, U.S. iso-wean pigs, Manitoba market hogs;
Previous year price (Previous): animal price in corresponding period of previous year*;
Current year price (Current): animal price in corresponding period of current year*;
5-year average price (Average5): animal price in corresponding period averaged over last 5 years (excluding current year)*;
10-year average price (Average10): animal price in corresponding period averaged over last 10 years (excluding current year)*.
*(C$ per head for U.S. feeder pigs and U.S. iso-wean pigs, C$ per 100 kg for Manitoba market hogs)
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Get statistical data on weekly hog prices in Ontario.
Data includes:
Statistical data are compiled to serve as a source of agriculture and food statistics for the province of Ontario. Data are prepared primarily by Statistics and Economics staff of the Ministry of Agriculture, Food and Rural Affairs, in co-operation with the Agriculture Division of Statistics Canada and various government departments and farm marketing boards.
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Learn about the factors that influence hog prices, including supply and demand dynamics, production costs, market conditions, and more. Stay informed about the current market prices and trends to make informed decisions in the pork industry.
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Graph and download economic data for Global price of Swine (PPORKUSDM) from Jan 1990 to May 2025 about hogs, livestock, World, and price.
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Today, the average price of pork has been fluctuating due to various factors affecting the global pork market. This article discusses the current prices of pork in different regions, factors influencing pork prices, and the importance of staying informed as a consumer.
Manitoba market hog prices and United States (U.S.) iso-wean and feeder pig prices shown weekly and monthly for current and previous years. This table contains weekly and monthly prices paid for market hogs in Manitoba and iso-wean and feeder pigs in United States (U.S.) in current and previous years, as well as average prices for five and 10 previous years. For hog price report definitions and calculations, click here. Manitoba market hog prices are collected from major processors in Manitoba, compiled and released weekly by Manitoba Agriculture and Resource Development (ARD). Manitoba market hog prices are weighted by the volume of hogs processed, and averaged monthly. United States (U.S.) iso-wean and feeder pig prices are sourced from the United States Department of Agriculture (USDA) and presented in Canadian dollars (C$) using the Bank of Canada exchange rate. Monthly U.S. iso-wean and feeder pig prices are a simple average of the weekly U.S. total composite weighted average prices. Average five and 10-year prices are calculated as simple averages of weekly or monthly prices. Fields included (Alias (Field name): Field description.) Period (Period): period of time to be presented on charts from the selection of Monthly and Weekly; ; PeriodNo (PeriodNo): serial number of period (1-12 for monthly presentation, 1-52 for weekly presentation); Hog category (Hog category): category of animals from the selection of U.S. feeder pigs, U.S. iso-wean pigs, Manitoba market hogs; Previous year price (Previous): animal price in corresponding period of previous year; Current year price (Current): animal price in corresponding period of current year; 5-year average price (Average5): animal price in corresponding period averaged over last 5 years (excluding current year); 10-year average price (Average10): animal price in corresponding period averaged over last 10 years (excluding current year). *(C$ per head for U.S. feeder pigs and U.S. iso-wean pigs, C$ per 100 kg for Manitoba market hogs)
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The hog farming industry has experienced an increase in revenue in the current period, marked by significant price volatility and rising pork consumption. Over the past five years, hog prices have seen dramatic swings due to supply chain disruptions, export surges and disease outbreaks. After a sharp decline in 2023, prices have rebounded as robust consumer demand and supply constraints persist. This price stabilization has been accompanied by a rise in pork consumption, as consumers opt for pork amid escalating beef and poultry prices. Pork's affordability and versatility have secured its position as a favored protein choice, supporting steady demand across both retail and foodservice sectors. Overall, industry revenue has climbed at a CAGR of 5.1% since 2020 to reach an estimated $37.4 billion after growing 2.8% in 2025. In recent years, feed costs have fluctuated sharply, presenting significant challenges to profitability. Volatility in core ingredients like corn and soybean meal led to profit declines, especially at the peak of feed costs in 2022 and 2023. Although feed prices have started to stabilize, they still weigh heavily on profit, and the threat of tariffs imposed by the US on foreign goods has the potential to push feed and farm equipment costs back up. Labor shortages further compound these challenges as a dwindling rural workforce and tighter immigration policies have increased labor costs. Looking to the future, the industry is facing significant challenges from climate change and extreme weather events. The increased frequency of heatwaves, droughts and severe storms is threatening pig health and productivity. Harsh weather conditions can also decimate crop yields, leading to steep inclines in grain-based feed costs. Producers are responding by adopting precision management tools, such as automated climate controls and remote monitoring, to mitigate these impacts. The outlook for the hog industry remains positive, with gradual growth in production, consumption and prices expected. Continued consumer demand, driven by pork’s affordability and perceptions around its nutritional value, is projected to bolster consumption. Production will expand steadily, supported by advances in genetics and management practices. Additionally, innovations in animal health, biosecurity and genetic technology promise to strengthen herd health and stability. Emphasizing sustainability, ethical production and technological innovation will also be crucial for securing long-term growth and maintaining consumer trust. Revenue is forecast to expand at a CAGR of 0.4% to reach $38.2 billion by 2030.
The table represents prices paid for market hogs in Manitoba and iso-wean and feeder pigs in the U.S. weekly and monthly for the current and last 10 years.For hog price report definitions and calculations, click here. Manitoba market hog prices are collected from major processors in Manitoba, compiled and released weekly by Manitoba Agriculture and Resource Development (ARD). Manitoba market hog prices are weighted by the volume of hogs processed, and averaged monthly. United States (U.S.) iso-wean and feeder pig prices are sourced from the United States Department of Agriculture (USDA) and presented in Canadian dollars (C$) using the Bank of Canada exchange rate. Monthly U.S. iso-wean and feeder pig prices are a simple average of the weekly U.S. total composite weighted average prices. Fields included (Alias (Field name): Field description)Year (Year): year from the selection of last ten years including current yearPeriod (Period): period of time to be presented on charts from the selection of Monthly and WeeklyPeriodNo (PeriodNo): serial number of period (1-12 for Monthly presentation, 1-52 for Weekly presentation)Price (Price): Hogs price for the corresponding period of time (C$ per head for U.S. feeder pigs and iso-wean pigs, CAD per 100 kg for Manitoba market hogs)Hog category (Hog category): category of animals from the selection of U.S. feeder pigs, U.S. iso-wean pigs, Manitoba market hogs
Manitoba market hog prices and United States (U.S.) iso-wean pig and feeder pig prices weekly and monthly, for the last 10 years. The table represents prices paid for market hogs in Manitoba and iso-wean and feeder pigs in the U.S. weekly and monthly for the current and last 10 years. For hog price report definitions and calculations, click here. Manitoba market hog prices are collected from major processors in Manitoba, compiled and released weekly by Manitoba Agriculture and Resource Development (ARD). Manitoba market hog prices are weighted by the volume of hogs processed, and averaged monthly. United States (U.S.) iso-wean and feeder pig prices are sourced from the United States Department of Agriculture (USDA) and presented in Canadian dollars (C$) using the Bank of Canada exchange rate. Monthly U.S. iso-wean and feeder pig prices are a simple average of the weekly U.S. total composite weighted average prices. Fields included (Alias (Field name): Field description) Year (Year): year from the selection of last ten years including current year Period (Period): period of time to be presented on charts from the selection of Monthly and Weekly PeriodNo (PeriodNo): serial number of period (1-12 for Monthly presentation, 1-52 for Weekly presentation) Price (Price): Hogs price for the corresponding period of time (C$ per head for U.S. feeder pigs and iso-wean pigs, CAD per 100 kg for Manitoba market hogs)Hog category (Hog category): category of animals from the selection of U.S. feeder pigs, U.S. iso-wean pigs, Manitoba market hogs
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This analysis presents a rigorous exploration of financial data, incorporating a diverse range of statistical features. By providing a robust foundation, it facilitates advanced research and innovative modeling techniques within the field of finance.
Historical daily stock prices (open, high, low, close, volume)
Fundamental data (e.g., market capitalization, price to earnings P/E ratio, dividend yield, earnings per share EPS, price to earnings growth, debt-to-equity ratio, price-to-book ratio, current ratio, free cash flow, projected earnings growth, return on equity, dividend payout ratio, price to sales ratio, credit rating)
Technical indicators (e.g., moving averages, RSI, MACD, average directional index, aroon oscillator, stochastic oscillator, on-balance volume, accumulation/distribution A/D line, parabolic SAR indicator, bollinger bands indicators, fibonacci, williams percent range, commodity channel index)
Feature engineering based on financial data and technical indicators
Sentiment analysis data from social media and news articles
Macroeconomic data (e.g., GDP, unemployment rate, interest rates, consumer spending, building permits, consumer confidence, inflation, producer price index, money supply, home sales, retail sales, bond yields)
Stock price prediction
Portfolio optimization
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Market sentiment analysis
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Researchers investigating the effectiveness of machine learning in stock market prediction
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Individuals interested in building their own stock market prediction models
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The dataset may include different levels of granularity (e.g., daily, hourly)
Data cleaning and preprocessing are essential before model training
Regular updates are recommended to maintain the accuracy and relevance of the data
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In 2024, the global pork market increased by 1.4% to $378.7B, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the maximum level in 2024 and is likely to continue growth in the near future.
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According to Cognitive Market Research, the global Pig Farming market size is USD 3151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.30% from 2024 to 2031. North America held the major market of more than 40% of the global revenue with a market size of USD 1260.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 0.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 945.36 million. Asia Pacific held the market of around 23% of the global revenue with a market size of USD 724.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031. Latin America market of more than 5% of the global revenue with a market size of USD 157.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031. Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 63.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031. The commercial breeds held the highest Pig Farming market revenue share in 2024. Market Dynamics of Pig Farming Market
Key Drivers for Pig Farming Market
Increasing Demand for Pork to Propel the Market Revenue Growth
The demand for pork, a major source of protein in many diets, has increased due to the expanding worldwide population, especially in emerging economies. Urbanization, shifting food tastes, and growing disposable incomes are some of the causes driving this demand. For instance, according to the U.S. Department of Agriculture, a higher-than-expected February production led to a 30 million increase in the first-quarter commercial pork production to 7.2 billion pounds. It is anticipated that 27.9 billion pounds of commercial pork would be produced in 2024, a 2.2% increase over the previous year. It is predicted that the average live price of 51–52 percent lean pigs will be $61 per cwt, which is 3.7% more than in 2023. Due to increased demand from significant importing nations and declining EU pork competitiveness as a result of higher prices and decreased supply, pork exports are expected to increase by 50 million pounds by 2024. Pork exports are predicted to total 7.1 billion pounds in 2024, 4.6 percent more than shipments from the previous year.
Source: https://www.ers.usda.gov/topics/animal-products/hogs-pork/market-outlook/.
Rising Food Demand to Propel Market Growth
The growing food demand is expected to drive the pig farming market during the forecast period. The world's population is continually increasing, and with it, the demand for food rises. As more people require sustenance, there's a proportional increase in the demand for protein sources like pork. As per the report published by Food and Agriculture Organization, between 2009 and 2050, the world's population is predicted to increase by more than a third, or 2.3 billion people. Based on the forecasts, it would be necessary to increase global food production by around 70% between 2005/07 and 2050 to feed the 9.1 billion people that will live the planet by then.
Source: https://www.fao.org/fileadmin/templates/wsfs/docs/Issues_papers/HLEF2050_Global_Agriculture.pdf
Restraint Factor for the Pig Farming Market
Environmental Concerns to Limit the Expansion of the Market
Negative effects of pig farming on the environment can include waste disposal and nutrient runoff polluting the air, soil, and water resources. Pig farmers may face difficulties due to worries about environmental sustainability and pressure from regulations to mitigate these effects, especially if they operate in highly populated or environmentally sensitive areas. According to the study by New Root Institute, a large pig farm has the capacity to produce up to 1.6 million tons of manure annually. These enormous amounts can be difficult to handle, and manure can find its way into the surrounding groundwater and air, harming the local ecosystem and possibly posing health risks to adjacent communities.
Impact of Covid-19 on the Pig Farming Market
The COVID-19 pandemic has had a significant impact on the pig farming market, both in terms of immediate disruptions and longer-term implications. COVID-19-rela...
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The market price for pork today varies depending on several factors such as supply and demand, production costs, and market conditions. Pork is one of the most widely consumed meats worldwide, and its price is influenced by various factors. Supply and demand play a significant role in determining the market price for pork. If there is a shortage of pork supply due to factors such as diseases affecting pigs or reduced breeding, the price of pork is likely to increase. On the other hand, if there is an oversu
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According to Cognitive Market Research, the global Pig Farming market size is USD 3151.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 2.30% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 1260.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 0.5% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 945.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 724.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 157.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.7% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 63.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.0% from 2024 to 2031
. The commercial breeds held the highest Pig Farming market revenue share in 2024. Market Dynamics of Pig Farming Market
Key Drivers for Pig Farming Market
Increasing Demand for Pork to Propel the Market Revenue Growth
The demand for pork, a major source of protein in many diets, has increased due to the expanding worldwide population, especially in emerging economies. Urbanization, shifting food tastes, and growing disposable incomes are some of the causes driving this demand. For instance, according to the U.S. Department of Agriculture, a higher-than-expected February production led to a 30 million increase in the first-quarter commercial pork production to 7.2 billion pounds. It is anticipated that 27.9 billion pounds of commercial pork would be produced in 2024, a 2.2% increase over the previous year. It is predicted that the average live price of 51–52 percent lean pigs will be $61 per cwt, which is 3.7% more than in 2023. Due to increased demand from significant importing nations and declining EU pork competitiveness as a result of higher prices and decreased supply, pork exports are expected to increase by 50 million pounds by 2024. Pork exports are predicted to total 7.1 billion pounds in 2024, 4.6 percent more than shipments from the previous year.
Source: https://www.ers.usda.gov/topics/animal-products/hogs-pork/market-outlook/.
Rising Food Demand to Propel Market Growth
The growing food demand is expected to drive the pig farming market during the forecast period. The world's population is continually increasing, and with it, the demand for food rises. As more people require sustenance, there's a proportional increase in the demand for protein sources like pork. As per the report published by Food and Agriculture Organization, between 2009 and 2050, the world's population is predicted to increase by more than a third, or 2.3 billion people. Based on the forecasts, it would be necessary to increase global food production by around 70% between 2005/07 and 2050 to feed the 9.1 billion people that will live the planet by then.
Source: https://www.fao.org/fileadmin/templates/wsfs/docs/Issues_papers/HLEF2050_Global_Agriculture.pdf
Restraint Factor for the Pig Farming Market
Environmental Concerns to Limit the Expansion of the Market
Negative effects of pig farming on the environment can include waste disposal and nutrient runoff polluting the air, soil, and water resources. Pig farmers may face difficulties due to worries about environmental sustainability and pressure from regulations to mitigate these effects, especially if they operate in highly populated or environmentally sensitive areas. According to the study by New Root Institute, a large pig farm has the capacity to produce up to 1.6 million tons of manure annually. These enormous amounts can be difficult to handle, and manure can find its way into the surrounding groundwater and air, harming the local ecosystem and possibly posing health risks to adjacent communities.
Impact of Covid-19 on the Pig Farming Market
The COVID-19 pandemic has had a significant impact on the pig farming market, both in terms of immediate disruptions and longer-term implicat...
In 2024, the U.S. retail price for one pound of pork chops amounted to 4.31 U.S. dollars. While the cost of pork chops (center cut, bone-in) has fluctuated over the past few decades, the average price has been closer to the four-dollar mark in recent years and was closer to the three U.S. dollars per pound in the 90s and early 2000s. Average expenditure on pork In the United States, consumers from Midwestern and Western states specifically, spent the most on pork in 2022. The average annual expenditure on pork per consumer unit was the lowest in the South. Types of pork There are various types of organic pork sold in the United States, including sliced bacon and dinner sausage. The most expensive category of organic pork in the United States in 2022 was sliced bacon, which cost consumers an average of nearly 18 U.S. dollars per pound. Pork is also available in different cut types, such as chops, roasts, and shoulder. Pork chops and ribs were among the favorites, generating the highest dollar sales in the United States in 2019.
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United States - Producer Price Index by Commodity: Processed Foods and Feeds: Pork Products, Fresh, Frozen, or Processed, Except Sausage was 178.58800 Index 1982=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Pork Products, Fresh, Frozen, or Processed, Except Sausage reached a record high of 217.70000 in April of 2014 and a record low of 51.10000 in June of 1974. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Pork Products, Fresh, Frozen, or Processed, Except Sausage - last updated from the United States Federal Reserve on June of 2025.
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Revenue for the Pig Farming industry in China is expected to grow at an annualized 0.1% over the five years through to 2024, to $184.7 billion. This trend includes an anticipated rise of 5.5% in the current year. Rising living standards and purchasing power of Chinese residents have stimulated demand for pork, which driven the demand for live pigs. Industry revenue has showed very high volatility in the past five years to 2024, mainly due to the lasting influence of African swine fever epidemic. In 2019 and 2020, industry revenue grew by 13.4% and 58.9% year on year due to the short supply and high prices of live pigs. From 2021 to 2023, industry revenue has kept declining with the recovering supply and falling prices of live pigs.Many free-range farmers as well as small and mid-scale pig farming enterprises have accelerated to exit the industry, or become commissioned pig farming firms of large pig farming companies. The number of establishments and enterprises will decrease at an average rate of 2.9% and 11.4% in the past five years to 2024. With the support of the Chinese Government, the proportion of large-scale pig farming in China has rapidly increased.Profit varies monthly due to fluctuations in pork prices and market demand. It also varies greatly among enterprises and across regions. Industry profit margins have been volatile dramatically in the past five years due to the sharp changes in live pig prices. In 2024, profit for the average industry enterprise is estimated at 3.8% of revenue. Although pork is still the most popular meat consumed in China, other meats such as chicken, beef and mutton are growing in popularity.Revenue growth is projected to slow to an annualized 2.5% over the five years through 2029, to reach $209.2 billion. Trends over the next five years are anticipated to include introduction and application of advanced farming models, the constant exit of free-range farmers and small- and medium-scale farms, and growth in the number of scaled and intensive farming enterprises. All of these trends are projected to increase farm productivity and reduce operational costs.
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The article discusses the factors that influence market hog prices in the United States, including supply and demand dynamics, feed costs, trade policies, and consumer preferences. It also highlights the impact of diseases and seasonal variations on prices, emphasizing the need for producers to monitor market trends and adapt their strategies accordingly.