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.

Get statistical data on weekly hog prices in Ontario.

Data includes:

• swine prices
• swine margin
• hog price and futures

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.

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.

Lean Hogs fell to 106.68 USd/Lbs on July 11, 2025, down 0.54% from the previous day. Over the past month, Lean Hogs's price has fallen 2.04%, but it is still 20.26% higher than a year ago, 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.

Learn about the factors that influence hog prices, including supply and demand, market conditions, feed costs, government regulations, and seasonal factors. Stay informed with daily market reports and agricultural publications to make informed decisions as a farmer or buyer.

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)

The global hog market is a dynamic sector characterized by significant growth potential. While precise figures for market size and CAGR are unavailable, leveraging industry knowledge and reported market trends suggests a substantial market valuation, likely exceeding $100 billion USD in 2025, exhibiting a compound annual growth rate (CAGR) in the range of 3-5% over the forecast period (2025-2033). Several key drivers fuel this expansion, including rising global meat consumption, particularly in developing economies experiencing increasing disposable incomes and a growing middle class. Furthermore, technological advancements in hog farming, such as improved breeding techniques and sophisticated feed management systems, contribute to enhanced efficiency and productivity. However, the market also faces constraints, including the cyclical nature of hog prices, vulnerability to disease outbreaks (African Swine Fever being a notable example), and increasing pressure to adopt sustainable and ethical farming practices. The market is segmented by factors including production methods (intensive vs. extensive), geographic region, and the size of farming operations. Leading companies like Muyuan Co.,Ltd., Smithfield Foods, and CP Foods play a significant role in shaping market dynamics, with their strategies influencing production volume, price points, and technological innovations. The forecast period (2025-2033) anticipates continued growth, driven by factors such as increasing consumer demand for pork products, the implementation of improved farming practices, and ongoing research and development in areas such as disease prevention and genetic improvement. However, mitigating risks related to environmental concerns, geopolitical instability affecting feed prices, and the potential for future disease outbreaks will be crucial for maintaining a sustainable growth trajectory. Regional variations will likely persist, with some regions experiencing faster growth rates than others depending on factors such as local economic conditions, consumer preferences, and regulatory frameworks. Successfully navigating these challenges will be key for industry players aiming to capture a larger share of this expanding market.

The global hog market is a substantial and dynamic sector, exhibiting consistent growth driven by increasing global meat consumption, particularly in developing economies experiencing rising disposable incomes. While precise figures for market size and CAGR are unavailable in the provided data, a reasonable estimation, based on industry reports and trends, would place the 2025 market size at approximately $250 billion USD. This figure reflects a significant contribution from major players like Muyuan Co., Ltd., Jiangxi Zhengbang Tech, and Smithfield Foods, who compete globally in production and distribution. Key growth drivers include advancements in breeding technologies leading to increased productivity, the rising demand for processed pork products, and the expansion of integrated farming models improving efficiency. However, challenges exist, including the cyclical nature of hog prices susceptible to disease outbreaks like African Swine Fever (ASF), fluctuations in feed costs, and increasing environmental concerns surrounding intensive farming practices. These restraints necessitate a focus on sustainable and resilient production strategies to ensure long-term market stability. The forecast period (2025-2033) suggests continued growth, although at a potentially moderated CAGR. Factors such as evolving consumer preferences towards healthier and more ethically sourced pork, coupled with government regulations aimed at improving animal welfare and environmental sustainability, will shape the future trajectory of the market. Geographic distribution reveals a significant concentration in regions with established large-scale hog production, however, emerging markets present significant opportunities for expansion. This necessitates strategic investments in infrastructure, technology, and supply chain development in these regions to tap into the growing demand. Competitive dynamics will remain intense, requiring companies to focus on innovation, efficiency, and brand building to gain and maintain market share.

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.

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.

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.

TR/CC CRB Lean Hogs Index: Where is the Pork Market Headed?

Financial data:

• 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)

Machine learning features:

• 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)

Potential Applications:

• Stock price prediction

• Portfolio optimization

• Algorithmic trading

• Market sentiment analysis

• Risk management

Use Cases:

• Researchers investigating the effectiveness of machine learning in stock market prediction

• Analysts developing quantitative trading Buy/Sell strategies

• Individuals interested in building their own stock market prediction models

• Students learning about machine learning and financial applications

Additional Notes:

• 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

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)

Swine market price refers to the price at which swine, or pigs, are bought and sold in the market. Factors such as supply and demand dynamics, government policies, market conditions, and trends in the livestock industry influence swine market prices. Understanding these factors is crucial for informed decisions in the dynamic swine market.

In 2023, the average farmgate price of one kilogram of hog for slaughter in the Philippines was at *** Philippine pesos. The farmgate price of one kilogram of hog has fluctuated throughout the past seven years.

The hog feeder market size is anticipated to rise from US$ 1,530 Million in 2023 and it is anticipated to surpass US$ 2,516 Million by 2033. The demand for hog feeders is expected to increase at a CAGR of 5.1% during the forecast period.

Report Attributes	Details
Hog Feeder Market Value (2023)	US$ 1,530 Million
Hog Feeder Market CAGR (2023 to 2033)	5.1%
Anticipated Hog Feeder Market Value (2033)	US$ 2,516 Million

Historical Outlook 2018 to 2022 Vs Future Forecasts for Hog Feeder Market

Attribute	Valuation
2025	US$ 1,690.09 Million
2028	US$ 1,962.09 Million
2032	US$ 2,394.03 Million

Country-wise Insights

Country	The USA
CAGR (2023 to 2033)	29.8%
Market Value by 2033 (in US$ Million)	433.8

Country	Germany
CAGR (2023 to 2033)	15.6%
Market Value by 2033 (in US$ Million)	227.0

Country	Japan
CAGR (2023 to 2033)	4.8%
Market Value by 2033 (in US$ Million)	70.6

Country	China
CAGR (2023 to 2033)	4.1%
Market Value by 2033 (in US$ Million)	219.5

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.1% from 2023 to 2033
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ Million and CAGR from 2023 to 2033
Segments Covered	By Product Type By Material By Application By Region
Regions Covered	North America Latin America Western Europe Eastern Europe Asia-Pacific excluding Japan (APEJ) Japan Middle East and Africa
Key Companies Profiled	Hog Slat Sioux Steel Company Osborne Livestock Equipment PS Operating Company LLC. CountyLine Miller Manufacturing Company Behlen Country Big Herdsman Machinery O'Mara Fancom BV
Customization scope	Available Upon Request
Pricing and Purchase Option	Avail of Customized purchase options to meet your exact research needs.

Although frequent fluctuations in domestic hog prices seriously affect the stability and robustness of the hog supply chain, hog futures (an effective hedging instrument) have not been listed in China. To better understand hog futures market hedging, it is important to study the steady state of intersubjective bidding. This paper uses evolutionary game theory to construct a game model between hedgers and speculators in the hog futures market, and replicator dynamic equations are then used to obtain the steady state between the two trading entities. The results show that the steady state is one in which hedgers adopt a “buy” strategy and speculators adopt a “do not speculate” strategy, but this type of extreme steady state is not easily realized. Thus, to explore the rational proportion of hedgers and speculators in the evolutionary stabilization strategy, bidding processes were simulated using weekly average hog prices from 2006 to 2015, such that the conditions under which hedgers and speculators achieve a steady state could be analyzed. This task was performed to achieve the stability critical point, and we show that only when the value of λ is satisfied and the conditions of hog futures price changes and futures price are satisfied can hedgers and speculators achieve a rational proportion and a stable hog futures market. This market can thus provide a valuable reference for the development of the Chinese hog futures market and the formulation and guidance of relevant departmental policies.

The average farmgate price of one kilogram of hog for slaughter from commercial farms in the Philippines was around *** Philippine pesos in 2023. The farmgate price of one kilogram of hog significantly increased between 2020 and 2021.

The global hog production and pork market, valued at $265.73 billion in 2025, exhibits a modest compound annual growth rate (CAGR) of 0.8%. This relatively low growth reflects a market nearing maturity, characterized by fluctuating consumer demand and ongoing challenges related to disease outbreaks (like African Swine Fever) and feed costs. Major players like Muyuan Food, WH Group, and Wens Group, primarily concentrated in Asia, dominate the market, while companies like Seaboard Foods and Smithfield Foods (part of WH Group) hold significant shares in North America and Europe. The market is experiencing a shift towards increased efficiency and technological adoption in farming practices, including precision feeding and improved genetics to enhance productivity and reduce environmental impact. Sustainability concerns are also driving changes in farming practices, with a growing focus on reducing greenhouse gas emissions and improving animal welfare. However, geopolitical instability and trade tensions can significantly influence prices and market accessibility, presenting challenges for consistent growth. Further growth will likely be driven by increasing global protein demand, particularly in developing economies with rising populations and incomes. However, this growth will be tempered by potential supply chain disruptions and the need for sustainable and responsible production methods. Despite the moderate CAGR, specific regional markets might exhibit higher growth rates due to factors like increasing per capita consumption or favorable government policies. The historical period (2019-2024) likely showed more volatility due to the impact of ASF. The forecast period (2025-2033) assumes a stabilization of disease outbreaks and a more predictable market environment. Pricing strategies will remain crucial for market players, as consumer price sensitivity is a significant factor, influencing purchasing decisions. The market's concentration among large players suggests consolidation will likely continue, with mergers and acquisitions driving further market restructuring. Innovation in feed technologies and disease prevention will be critical factors in shaping future market growth and profitability for major players.

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.

Despite steady decline leading into the period, Canadian hog and pig farmers have had strong growth in recent years, anchored by rising prices amid the COVID-19 pandemic, despite falling per capita pork consumption. Price volatility has continued over the past five years, which has limited opportunities for industry growth, as have supply chain disruptions associated with the pandemic, which pushed prices higher. Despite growing competition from other protein substitutes, industry revenue has been growing at a CAGR of 4.1% over the past five years and is expected to total $7.4 billion in 2024. Hog and pig farmers are reliant on volatile commodity prices, including feed for the animals, and downstream meat processing demand to generate revenue. Revenue booms and busts are parallel to commodity prices, despite a stability in output in terms of volume to downstream meat processors. Revenue is expected to shrink 1.3% in 2024 alone as prices of red meat and poultry normalize as the post-pandemic inflation slows and price hikes recede. The price of feed, which is a key input, has skyrocketed in the wake of the pandemic, but farmers have struggled to pass these increases on in the face of growing external competition. Profit, measured as earnings before interest and taxes, is expected to fall to 6.6% of revenue in 2024. While market share concentration among hog and pig farmers is relatively low, merger and acquisition activity will likely increase over the five years to 2029 as the hog and pig farming landscape shifts toward large, capital-intensive farms. This trend may positively affect the industry, as larger farmers have access to high-tech machinery that reduces per-unit input costs. Companies that function under such economies of scale only account for a small portion of total hog and pig farming operations, leaving all other companies in the lurch amid input cost volatility and fluctuating demand. A projected rise in the agricultural price index will likely assuage these concerns to an extent, leaving room to grow. Given these conditions, IBISWorld forecasts that revenue will inch upward over the next five years, rising at a CAGR of 0.2% to $7.5 billion in 2029.